Board Fund
10. (1) There shall be a fund to be known as Board Fund vested in the Board.
(2) The Board Fund shall consist of -
(a) grants in aid made by the [* * *] Government;
(b) loans obtained from Government;
(c) loans raised by the Board with the general or special sanction of the [* * *] Government;
(d) foreign aid and loan obtained by the Board with the sanction of and on terms and conditions approved by the [* * *] Government; and
(e) fees and other sums received by the Board.
(3) All moneys at the credit of the Board shall be kept in such custody as may be prescribed.
(4) The Board Fund shall be utilised by the Board in connection with its functions under this Ordinance including the payment of salaries and other remunerations of the Principal and staff of the institution and of officers and employees appointed under this Ordinance.
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Ministry of Law, Justice and Parliamentary Affairs