(1) All sums received by or on behalf of the Association, the Board or the Committee shall be paid into a fund to be called the Sports Fund.
(2) In particular and without prejudice to the generality of the provisions of sub-section (1), there shall be credited to the Sports Fund,—
(a) all moneys received by way of donations from the public ;
(b) membership fees of the Association;
(c) admission fees for sports and matches;
(d) loans raised by the Board under sub-section (4) of section 5;
(e) donations and advances from the State Government;
(f) receipts from any other source.
(3) The Sports Fund shall become vested in and be under the control of the Board and shall be held in trust for the purposes of this Act. The moneys in the Sports Fund may be invested by the Board in such manner as may be prescribed.
(4) All moneys credited to the Sports Fund shall be received by the Secretary of the Board and shall forthwith be paid into the State Bank of India to the credit of an account to be called the Sports Fund Account.,
(5) Expenses incurred by the Association, the Board and the Committee in carrying out their functions under this Act shall be met out of the Sports Fund and the Board may, from time to time, advance to the Association or the Committee such amounts as may be necessary to enable the Association or the Committee, as the case May be, to carry out its functions.
Accounts.
Budget.
9. The Board and the Committee shall keep accounts of all their receipts and expenditure in such manner and in such form as may be prescribed. Such accounts shall be examined and audited once in each year by an auditor appointed by the State Government.
10. The Association and the Committee shall prepare estimates of expenditure likely to be incurred by the Association and the Committee during the ensuing financial year for carrying out their respective functions under this Act and shall submit the same to the Board. The Board shall thereupon consider such estimates and prepare a consolidated The Sports Fund.
The Calcutta Sports Act, 1955, 7 XXVIII of 1955.]
(Sections 11—/5.)
budget for the ensuing financial year showing the - total estimated receipts and expenditure including those of the Board and submit such budget, by such date as may be prescribed, to the State Government for approval and no expenditure shall be incurred except in cases of emergency until that budget is approved by the State Government.
11. The Association, the Board and the Committee may Appointappoint their respective staff in accordance with such rules mentor as may be made by the State Government. staff.
12. If, in the opinion of the State Government, the Asso- Pottot of Mahon or the Committee fails to discharge its functions State ove properly, it may, after giving the Association or the Com- G montrn- to mittee, as the case may be, an opportunity to show cause supersede against the action proposed to be taken, by an order in the writing, supersede the Association or the Committee for such andA""'aperiod as may be specified in the order and appoint such the authority as it may think fit to exercise the rights and the commitpowers and discharge the obligations and the duties of the tee.
Association or the Committee, as the case may be.