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The Chittagong Division Development Board Ordinance, 1976

( Ordinance NO. LXXXIX OF 1976 )

Board Fund
11. (1)There shall be formed a Fund to be known as the Chittagong Division Development Board Fund which shall vest in the Board and shall be utilised by the Board to meet charges in connection with its functions under this Ordinance, including the payment of salaries and other remuneration to the officers and other employees of the Board.
 
 
 
 
(2) The Chittagong Division Development Board Fund shall comprise-
 
 
 
 
(a) a non-lapsable revolving fund, not exceeding Taka five crore, to be granted by the Government;
 
 
(b) loans raised by the Board with the sanction of the Government;
 
 
(c) receipts from any other source.

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