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The Rural Electrification Board Ordinance, 1977

( Ordinance NO. LI OF 1977 )

13. (1) There shall be formed a Fund to be known as the Rural Electrification Board Fund which shall vest in the Board and shall be utilised by the Board to meet the charges in connection with its functions under this Ordinance, including the payment of salaries and other remunerations to the Chairman, members, officers and other employees of the Board.
(2) To the credit of the Rural Electrification Board Fund shall be placed-
(a) grants made by the Government;
(b) loans obtained from the Government;
(c) grants made by local authorities;
(d) grants and loans obtained from any source outside Bangladesh with the sanction of the Government;
(e) sale-proceeds of electricity; and
(f) all other sums received by the Board.

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