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Section 11

The Punjab State Council for Agricultural Education Act, 2017.State Act of Punjab · Act 1 of 2018

(1) A fund of the Council, to be known as the Agricultural Education Development Fund, shall be created by one time grant provided by the Government.

(2) All receipts of the Council shall be credited into the fund.

(3) All expenditure incurred by the Council shall be defrayed out of the fund, which shall be operated in such manner, as may be prescribed.

(4) All moneys lying in the credit of the fund, shall be kept in any Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (Act 2 of 1934) or the same may also be invested in securities of Central Government, State Government or a Public Sector Undertaking.

(5) The fund shall be utilized for payment of charges and expenses authorised by or under this Act or for carrying out the purposes of this Act.

12. The accounts of the Council shall be got prepared by the Member-Secretary and audited annually by such an agency on payment of such amount, as may be specified by the Government.

Where this provision sits

ActThe Punjab State Council for Agricultural Education Act, 2017.
Section11
JurisdictionState of Punjab
StatusIn force as published by the source

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