School Building Construction Fund

(1) The proceeds of the school building cess under section 3 shall first be credited to the Consolidated Fund of the State and the State Government may, at the commencement of each financial year after due appropriation has been made by law, withdraw from the Consolidated Fund of the State an amount equivalent to the proceeds of the school building cess realised by the State Government in the preceding financial year and shall place it to the credit of a separate fund to be called the Primary School Building Construction Fund and such credit to the said fund shall be an expenditure charged on the Consolidated Fund of the State of Madhya Pradesh. (2) The State Government shall every year make its contribution to the fund equal to fifty per cent. of the amount credited in the fund under sub-section (1). (3) The amount in the credit of the fund shall be utilised for construction and furnishing of Primary School building in non-urban areas as defined in clause (22) of section 2 of the Code and for that purpose only so much amount in the credit of the fund shall be allotted to a district as is realized by way of school building cess from that district together with fifty per cent. of the contribution of the State Government for that district.