Section 37
Disposal of profits and deficits.
The Damodar Valley Corporation Act, 1948
About this Act
An Act to provide for the establishment and regulation of a Corporation for the development of the Damodar Valley in the Provinces of Bihar and West Bengal.
(1) Subject to the provisions of sub-section (2) of section 40,
the net profit, if any, attributable to each of the three main objects, namely, irrigation, power and flood
control, shall be credited to the participating Governments in proportion to their respective shares in the
total capital cost attributed to that object.
(2) The net deficit, if any, in respect of any of the objects shall be made good by the Governments concerned in the proportion specified in sub-section (1):
Provided that the net deficit in respect of flood control shall be made good entirely by the Government of West Bengal and the Central Government shall have no share in such deficit.
(2) The net deficit, if any, in respect of any of the objects shall be made good by the Governments concerned in the proportion specified in sub-section (1):
Provided that the net deficit in respect of flood control shall be made good entirely by the Government of West Bengal and the Central Government shall have no share in such deficit.