[(1) The Finance Officer shall be appointed by the State Government from amongst the members of the Orissa Finance Service, on such terms and conditions as they may determine.

(2) The Finance Officer shall-

(a) be responsible for the proper investment of the fund of the Board;

(b) exercise general supervision of such funds;

(c) tender advice with regard to financial transactions of the Board;

(d) be responsible for preparation and presentation of the annual financial estimates and statements of accounts to the Board; and

(e) exercise such other power and perform such other functions as may be prescribed.