(1) There shall be an Anchal Samiti Fund for each Anchal Samiti and the same shall be utilised for discharging its functions under this B«gulation.
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(2) The follow ing shall be ci edited to and form part of the Anchal Samiti Fund, namely;—•
(i) the proceeds of any tax, fees, licence foes, cess and surcharge levied under this Regulation;
(ii) the collection charges referred to in section 46;
(Hi) any grants and contributions made by the Governor or any local authority or other person;
(iv) all sums received by way of loan or gift;
(v) the income from, or the sale proceeds of, any property of the Anchal Samiti;
(vi) the sale proceeds of all dust, dirt, dung or refuse collected by the employees of the Anchal Samiti;
(vii) all sums received in aid of, or for expenditure on, any institution or service, maintained, managed 'or financed by the Anchal Samiti;
(viii) any other sums paid to the Anchal Samiti.
(3) The amount in the Anchal Samiti Fund shall be kept in such custody as may be prescribed.
38. Subject to such rules as may be made in this behalf, and subject to the provisions of any law for the time being in force relating to the raising of loans by local authorities, an Anchal Samiti may raise loans for discharging its functions under this Regulation and for the repayment of such loans form a Sinking Fund.
39. The Anchal Samiti Fund shall be applied for payments in the following order, namely: —
(a) payment of interest on loans raised under section 38, and payments into the Sinking Fund, if formed;
(b) payment of the salaries, allowances and other remuneration of the officers and other employees of the Anchal Samiti;
(c) payment of expenses incurred by the Anchal Samiti in the discharge of its functions under this Regulation;
(d) payment of such other administrative expenses of the Anchal Samiti as may be prescribed.