section 12
The Model School Fund
The Sikkim Model Schools Act, 2025Education202521 sections
Statutory text
- (1) The Board shall have a fund to be called the Model School Fund.
- (2) The Board may accept grants, subventions, donations, gifts and loans from the Government or a local authority or any individual or body, whether incorporated or not, for all or any of the purposes of this Act.
- (3) The Government may, from time to time, make grants to the Board including grant of part or whole of the amount required to meet the expenditure on establishment of the Board.
- (4) All money received by or on behalf of the Board, all proceeds of sale of land or any other property, all rents, betterment charges and all interest, profits and other moneys accruing to the Board shall be deposited in the fund of the Board.
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