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Section 13: Custody and investment of Board Fund

The Himachal Pradesh Board of School Education Act, 1968State Act of Himachal Pradesh · Act 14 of 1968

(1) All moneys at the credit of the Board Fund, except moneys required for day-to-day expenditure, shall be kept in the current or savings bank account with a Scheduled Bank;

Provided that nothing in this section shall be deemed to preclude the Board from investing such moneys as are not required for immediate H. P. BOARD OF SCHOOL EDUCATION ACT, 1968 11 expenditure in any of the Government securities.

(2) Accounts of the Board with a bank may be operated upon by the Secretary of the Board or by such other officer as may be prescribed by the Board.

Where this provision sits

ActThe Himachal Pradesh Board of School Education Act, 1968
Section13
Marginal noteCustody and investment of Board Fund
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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