Custody or investment of Union Fund and establishment of special fund
44. (1) The moneys credited to a Union Fund shall be kept in a Government treasury, or in a bank transacting the business of a Government treasury, or in such other manner as may be specified by the Government from time to time.
(2) A Union Parishad may invest any portion of the Union Fund in such manner as may be prescribed.
(3) A Union Parishad may, and if required by the Government, shall, establish and maintain a separate fund for any special purpose, which shall be administered and regulated in such manner as may be prescribed.
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