Section 26: State Board's Fund, its custody and investment.

The Maharashtra Secondary and Higher Secondary Education Boards Act, 1965State Act of Maharashtra · Act 41 of 1965

(1) The State Board shall have its own Fund, and the following moneys shall be credited thereto,-

(a) fees, royalties and charges (including prescribed penalties) levied by it;

(b) grants, assignments, contributions and loans, if any, made to it by the State Government;

(d) interest on, and sale proceeds of, any securities vested in it;

(e) all rents and profits from the property vested in it;

(f) other moneys received by or on behalf of it.

(2) The Fund shall be kept in any Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (II of 1934), or at the discretion of the State Board, be invested in securities authorised by the Indian Trusts Act, 1882 (II of 1882).

Where this provision sits

Act	The Maharashtra Secondary and Higher Secondary Education Boards Act, 1965
Section	26
Marginal note	State Board's Fund, its custody and investment.
Jurisdiction	State of Maharashtra
Status	In force as published by the source

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