(1) The District Fund shall be kept in the Government treasury of the District or in the bank to which the Government treasury business has been made over. (2) In places where there is no such treasury or bank the District Fund may be kept with a banker or person acting as a banker, who has given such security for the safe custody and repayment on demand of the fund so kept as the State Government may in each case think sufficient. (3) Nothing in the foregoing provisions of this section shall be deemed to preclude a Board from investing with the previous sanction of the State Government in any of the securities described in section 20 of the Indian Trusts Act, 1882 or placing on fixed deposit with any Bank approved by the State Government any portion of its Fund which is not required for immediate expenditure.
Section 148: Custody and investment of fund
The Rajasthan District Boards Act, 1954State Act of Rajasthan · Act 2 of 1954
Where this provision sits
| Act | The Rajasthan District Boards Act, 1954 |
|---|---|
| Section | 148 |
| Marginal note | Custody and investment of fund |
| Jurisdiction | State of Rajasthan |
| Status | In force as published by the source |
Find the provision, not just read it
The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:
- Search 49,000+ Central and State enactments by what a provision says, not by its number
- Jump from any section to every judgment that has applied it
- Search 300 million+ Indian court records alongside the statute
- Ask a research agent to find and read the case law on a provision for you
Free account. No card. About a minute to create.
Create a free accountNeed this as data, not as a page? The Rajasthan District Boards Act, 1954 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.