(1) No expenditure shall be incurred from the Secondary Education Fund except for the purposes of this Act, and unless such expenditure is provided for in an approved budget or by reappropriation in the manner prescribed by rules made in this behalf.
(2) The Board shall not, without the previous sanction of the State Government, incur from the Secondary Education Fund any expenditure under any major head of account in excess of the amount provided under that head in the approved budget estimates.
Application of the Secondary Education Fund.
28 The West Bengal Secondary Education Act, 1950.
[West Ben. Act (Chapter VI.—Finance and Audit.—Sections 46, -47.)
(3) Subject to the preceding provisions of this section, the Secondary Education Fund shall be applicable to the following objects in the following order of precedence— First, the payment of the costs of audit, or of such percentage of such costs as may be prescribed by rules;
Secondly, the payment of salaries and allowances to the President and the Secretary and other persons appointed by the Board;
Thirdly, the payment of grants-in-aid to High Schools;
Fourthly, the payment of scholarships and stipends to pupils of Secondary Schools;
Fifthly, the payment of the allowances specified in section 19 ;
Sixthly, any other expenditure incurred by the Board under this Act.
46. The Board shall keep accounts of all its receipts and expenditure in the manner and form prescribed by rules.