Constitution of Mandal Praja Parishad Fund and Zilla Praja Parishad Fund

Constitution of Mandal Praja Parishad Fund and Zilla Praja Parishad Fund: (1) Every Mandal Praja Parishad and every Zilla Praja Parishad shall have a fund to be called respectively the Mandal Praja Parishad Fund and the Zilla Praja Parishad Fund. (2) The following shall be credited to the Mandal Praja Parishad Fund and the Zilla Praja Parishad Fund respectively:— (a) the contributions or grants made by the Government; (b) the proceeds of any tax or fee imposed by the Mandal Praja Parishad or the Zilla Praja Parishad, as the case may be; (c) all sums received by way of loan or gift; (d) all income derived from any institution or work vested in or managed by the Mandal Praja Parishad or the Zilla Praja Parishad; (e) such other sums as may be received by the Mandal Praja Parishad or the Zilla Praja Parishad in furtherance of the objects of this Act. (3) The amounts in the fund of the Mandal Praja Parishad or the Zilla Praja Parishad shall be kept in the Government Treasury or in such other bank as may be approved by the Government.