Fund of the Board

(1) The Board shall have a fund to be called the Property Tax Board Fund to which shall be credited— (i) such moneys as may be paid to the Board by the Government or any other authority or agency ; and (ii) such moneys as may be paid to the Board by the municipalities, and other local authorities. (2) All moneys received by the Board shall be deposited in a separate account with the Jammu and Kashmir Bank.