section 23
Orissa Education Development Fund
The Orissa Education Act, 1969Education196942 sections4 chapters
Chapter IV MISCELLANEOUS
Statutory text
- (1) The State Government may establish a fund called the “Orissa Education Development Fund” which shall vest in and be administered by a Committee to be constituted in the prescribed manner.
- (2) All sums received by the Committee as contributions from the State Government or as donations from other sources shall be credited to the Fund.
- (3) Subject to the rules made in that behalf, the Fund shall be utilised for the following purposes, namely:—
- (a) grants in favour of educational institutions for implementation of improvement schemes;
- (b) grant of interest free loans to educational institutions; and
- (c) such other purposes as may be prescribed.
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