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The Local Government (Union Parishads) Ordinance, 1983

( Ordinance NO. LI OF 1983 )

Constitution of Union Fund
43. (1) For every Union Parishad there shall be formed a fund which shall be known as the Union Fund.
(2) To the credit of a Union Fund formed under sub section (1) shall be placed-
(a) the balance of such fund as on the coming into force of this Ordinance is at the disposal of the Union Parishad of which the Union Parishad concerned is the successor;
(b) the proceeds of all taxes, rates, fees and other charges levied by the Union Parishad under this Ordinance;
(c) all rents and profits payable or accruing to the Union Parishad from the property vested in or managed by the Union Parishad;
(d) all sums received by the Union Parishad in the performance of its functions under this Ordinance or under any other law for the time being in force;
(e) all sums contributed by individuals or institutions or by any local authority;
(f) all receipts accruing from the trusts placed under the management of the Union Parishad;
(g) all grants made by the Government and other authorities;
(h) all profits accruing from investments; and
(i) such proceeds from such sources of income as the Government may direct to be placed at the disposal of the Union Parishad.

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