(1) The Board shall have and maintain its own fund in the name and style of „Prisons Development Fund‟ to which shall be credited,-
(a) all moneys received by the Board from the State and Central Governments, by way of grants, loans, advances or otherwise;
(b) all moneys borrowed by the Board by way of loans or debentures;
(c) all moneys generated by the agricultural, horticultural, industrial or manufacturing activities undertaken by the prisoners in Jails;
(d) all fees, charges and profits received by the Board;
Prisons Development Fund.
8 [Act No.12 of 2001]
(e) all moneys received by the Board from the disposal of lands, buildings, and other properties (movable or immovable); and
(f) all moneys received by the Board by way of rents or profits or in any other manner or from any other source.
(2) The Prisons Development Fund shall be applied towards meeting the expenses incurred by the Board in the administration of this Act, and for such other purposes as may be prescribed.
(3) The Board may keep such sum of money out of its funds in deposit in any of the scheduled banks, and any money in excess of the said sum shall be invested in such manner as may be prescribed.
12. The Board may, from time to time, subject to such conditions as may be prescribed borrow any sum required for the purposes of this Act.
13. The Government may, after due appropriation made by the State Legislature make such grants, advances and loans to the Board as the Government may deem necessary for the performance of the functions of the Board under this Act, and all grants, loans or advances made shall be on such terms and conditions as the Government may determine.
14. The Board shall prepare every year in such manner and in such form as may be prescribed an annual report giving a true and full account of its activities during the previous year and submit the said report to the Government for being placed on the Table of the State Legislature in the immediate ensuing session.
Power of the Board to borrow.
Grants, Advances and loans from Government.
Annual Report.
[Act No.12 of 2001] 9
15. The Board shall furnish to the Government such returns or other information with respect to its activities as the Government may, from time to time, require.