Common Good Fund

Civil201889 sections

Statutory text

(1) It shall be lawful for the Board to create a fund called the Orissa Hindu Religious Endowments Common Good Fund (hereinafter referred to as the Common Good Fund) out of the contributions voluntarily made by—
- (a) any individual or association of persons;
- (b) any religious institution;
- (c) any local authority; or
- (d) any other body or institution.
(2) A contribution to the Common Good Fund may be made without indicating any purpose for which the amount contributed is to be utilised: Provided that specific purpose may be indicated in such purpose is consistent with the purposes mentioned in clauses (a),
- (b) and (c) of sub-section (4) and the amount contributed is not less than one thousand rupees.
(3) The Common Good Fund shall vest in and shall be administered by the Board.
(4) Subject to the rules made in that behalf and to such instructions as may be issued by the State Government from time to time, the Common Good Fund shall be utilised for—
- (a) making grants and advancing loans to such religious institutions as may be in need of financial assistance;
- (b) the repair and renovation of ancient temples and shrines and the establishment of new ones;
- (c) the establishment of educational institutions for imparting instructions on religion ; and
- (d) charitable purposes :

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