Primary education fund

(1) A fund called the primary education fund shall be maintained by every district school board and by every authorized municipality. (2) The following shall form part of, or be paid into, the primary education fund:— (a) the balance of the primary education fund maintained under section 8A of the Bombay Primary Education Act, 1923, or section 37 of the Saurashtra Primary Education Act, 1956, as the case may be; (b) the contributions payable by non-authorized municipalities under sub-section (2) of section 41; (c) fees and fines received in respect of primary schools maintained by the school board or the authorized municipality, as the case may be; (d) in the case of a district school board, such portion of the income of the district local board as the State Government may fix under sub-section (1) of section 41; (e) in the case of an authorized municipality, the grant paid or payable by the authorized municipality on account of primary education ; (f) the grant paid or payable by the State Government on account of primary education; (g) such other sums as may from time to time be received on account of primary education. Explanation.—For the purposes of clause (e) the grant payable by an authorized municipality shall be the amount of expenditure on account of primary education in any year less the grant paid by the State Government in that year, and fees and sums of money from other sources of income belonging to the fund.