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(d) Prior to adoption, the committee shall hold a public hearing on a proposed redevelopment plan for the designated district and shall consider the comments received and incorporate any revisions to the plan that may be necessary. (e) The committee shall submit an annual report on the progress of the redevelopment project to the board . The report may include the redevelopment plan recommended by the committee with its recommendations for appropriations by the legislature or the authorization of bonds, or, both, to implement the redevelopment plan in a timely manner . The board. shall review and approve the recommended redevelopment plan and shall submit the report to the governor and the legislature with a request for Thee requiYed appropriations and bond authorization . §171-F Designated redevelopment district revolving fund. (a) A separate revolving fund shalL be established for each redevelopment district designated pursuant to section 171-B, into which shall be deposited: (1) Fi-fly per cent of the reventies, incorlie, and receipts of the department froryi the public lands ill the dedgrialed district, nert"rithmanding Won 17119; (2) Moneys appropriated by the legit laWre to the reWing find; and (3) Any ,As, grants, and (Ohm- finds accepted hy the coinmtec. Each revolving fund shall bear the name used by the legislature in designating the redevelopment district . (b) Moneys in each designated redevelopment district revolving fund shall be expended by the committee and used in the designated district for the purposes of this part; provided that no expenditure shall be made from the fund and no obligation shall be incurred against the fund in excess of the amount standing to the credit W Lhe fund . (c) After the committee is dissolved, the unencumbered balanCe remaining in the corresponding redevelopment district revolving fund shall.