Interpretation

In this Act, unless the context otherwise requires, “Board” means the Board of Directors established under section 4 of this Act; “Corporation” means the Reconstruction and Development Corporation established by section 3 of this Act; “financial year”, in relation to the Corporation, means the period of twelve months beginning on 1st January in any year; “local authority” means any authority which the Minister shall, by Order published in the Gazette, declare to be a local authority for the purposes of this Act, and within the area and to the extent specified in the Order. 6 Establishment, Powers, Duties, etc.,