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22

Funds of authority

Act: Baluchistan Irrigation and Drainage Authority Ordinance 1997

Section Provisions

ORDINANCE I OF 1997 ORDINANCE I OF 1997 BALOCHISTAN IRRIGATION AND DRAINAGE AUTHORITY ORDINANCE, 1997 CHAPTER‑V FINANCE 22. Funds of the Authority.‑‑(1) There shall be a fund to be known as the "Funds of the Authority" vested in the Authority. (2) The Funds of the Authority shall consist of‑‑ (a) all sums received by the Authority in respect of water charges, sale proceeds, development cess, drainage cess, etc. (b) grants made by the Government; (c) loan obtained from the Government; (d) grants made by Local Bodies as required by the Government; (e) sale proceeds of bonds or any other debt instruments issued under the Authority of the Government; (f) loans obtained by the Authority with the special or general sanction of the Government; (g) foreign assistance and loan obtained from different foreign agencies with the sanction of, and on such terms and conditions as may be approved by the Federal and Provincial Government; (h) all other sums received by the Authority;