Section 14: Regulation of the funds
The Uttar Pradesh Milk Rules,1976State Rules of Uttar Pradesh · 1976
The accounts of the Fund shall be regulated in the manner prescribed below:
(i) All sums to the credit of the Fund shall be kept with the banks specified by the Board.
(ii) The Board may invest the Fund in Government securities or in the fixed term deposits in the banks or post offices.
(iii) No amount credited or to be credited in the Fund, shall be spent or utilized unless authorised by the Board.
(iv) Withdrawals from the above Fund shall be made by the Chief Executive Officer of the Board or any other officer authorised by him in that behalf.
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