THE INTERMEDIATE AND SECONDARY EDUCATION ORDINANCE, 1961

(EAST PAKISTAN ORDINANCE NO. XXXIII).
  [21st September, 1961]
 
 
     
   
 
CHAPTER III
FINANCE
 
  Intermediate and Secondary Education Fund  
22. (1) There shall be constituted a fund for the Board of Intermediate and Secondary Education, Dacca, constituted under sub section (1) of section 3 to be called the Intermediate and Secondary Education Fund of the Board of Intermediate and Secondary Education, Dacca to which shall be credited-



1[ * * *]



(b) all fees realised under any of the provisions of this Ordinance;



(c) all sums representing income from endowments or from property owned or managed by the Board for the purposes of this Ordinance; and



(d) all other sums received by the Board from Government or any other source for any purpose provided for in this Ordinance.



2[ (1a) There shall be constituted a separate fund for each Board constituted under sub section (1) of section 3A to be called the Intermediate and Secondary Education Fund of that Board to which shall be credited;



(a) all fees realised by such Board under any of the provisions of this Ordinance;

(b) all sums representing income from endowments or from property owned or managed by such Board for the purpose of this Ordinance; and



(c) all other sums received by such Board from Government or any other source for any purpose provided for in this Ordinance.]



(2) The Intermediate and Secondary Education Fund of a Board shall vest in the Board, shall be held by it in trust for the purposes of this Ordinance and shall be administered by it.



(3) All moneys payable to the credit of the Intermediate and Secondary Education Fund shall forthwith be paid into a bank, approved by the Board, or into Government treasuries.
 
 
 
1 Clause (a) was omitted by section 12 of the Intermediate and Secondary Education (Amendment) Ordinance, 1977 (Ordinance No. XVII of 1977)

2 Sub-section (1a) was inserted by section 7 of the East Pakistan Intermediate and Secondary Education (Amendment) Ordinance, 1962 (East Pakistan Ordinance No. XVI of 1962)

 
 

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