(1) Every Primary School Council shall have a fund Primary to be called the Primary School Council Fund to which shall be Fund. Cow credited—
(a) all sums granted by the State Government or the Board for the payment of grants for primary education;
409 The West Bengal Primary Education Act, 1973.
[West Ben. Act Application of the Primary School Council Fund.
(Part 111.—Chapter V111.—Finance and audit.—Sections 71, 72.)
(b) all sums granted by the State Government or the Board for the maintenance of primary schools and for payment to the teachers and other staff in primary schools;
(c) all sums granted by the State Government or the Board for scholarships for children in primary schools;
(d) the proceeds of the education cess levied under this Act within its areas;
(e) all sums representing income from endowments or from property owned or managed by the Primary School Council;
(f) the amount of all fines and penalties imposed under this Act other than fines and penalties levied by Magistrates;
(g) all school fees and fines, if any, collected in primary schools maintained by the Primary School Council; and
(h) all other sums received by the Primary School Council from any other sources whatsoever.
(2) The fund shall vest in the Primary School Council, shall be under its control and shall be held by it in trust for the purposes of this Act.
71. No expenditure shall be incurred from the Primary School Council Fund unless such expenditure is provided for in the budget as approved under this Act or by reappropriation sanctioned in the prescribed manner.
Expendi- 72. Except as otherwise provided in this Act, the Primary School ten; frorn Council Fund shall be applied in connection with the following objects Primary School and in the following order, namely:— Council Fund.
first, payment of interest upon any loan obtained by the Primary School Council for any of the purposes connected with this Act and for the formation of a sinking fund when required;
secondly, payment of the prescribed percentage of the cost of the establishment maintained by the Collector under Ben. Act section 91 of the Cess Act, 1880; TX of 1880.
thirdly, payment of the cost of audit;
410 The West Bengal Primary Education Act, 1973.
XLIII of 1973.1 (Part I11.—Chapter V111.—Finance and audit.—Sections 73, 74.— Part 1V.—Chapter IX.—Contributions.—Section 75.)
fourthly, payment of the salaries, allowances and all other expenses in connection with the establishment of the Primary School Council and all teachers in primary schools and, subject to the prescribed conditions, of pensions, family pensions, gratuities and grants made for submitting contribution to the provident fund in connection with the establishment of the Primary School Council and of teachers in primary schools;
fifthly, payment of travelling allowance to members of the Primary School Council;
sixthly, payment of expenses incurred by the Primary School Council in connection with the construction and maintenance of houses for primary schools and providing equipments to such schools;
sevenlhly, carrying out any other purposes under this Act.
73. Every Primary School Council shall keep an account of all its Accounts.
receipts and expenditure in the manner prescribed.