Section 79. Establishment of Reserve Funds

{
    "act_title": "THE ANDHRA PRADESH MARITIME BOARD ACT, 2019",
    "act_slug": "the-andhra-pradesh-maritime-board-act-2019",
    "section_label": "Section",
    "section": {
        "number": "79",
        "title": "Section 79. Establishment of Reserve Funds",
        "chapter": null,
        "content": "79. Establishment of Reserve Funds - The Board may, from time to time, set apart such sums out of its surplus income as it thinks fit as a reserve fund or funds for the purpose of expanding existing facilities or creating new facilities at the ports or for the purpose of providing against any temporary decrease of revenue or increase of expenditure arising from transient causes or for purposes of replacement or for meeting expenditure arising from loss of damage from fire, cyclones, shipwrecks or other accident or for any other emergency arising in the ordinary conduct of its works under this Act:",
        "footnote": "",
        "is_definition": false,
        "sort_order": 2910
    },
    "prev_section": "78",
    "next_section": "79"
}