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ACT V OF 2010 ACT V OF 2010 BALOCHISTAN LOCAL GOVERNMENT ACT, 2010 An Act to provide for the constitution and continuance of Local Government Institutions in Balochistan, and to consolidate law relating to the Local Government and to provide for the matters connected therewith and ancillary thereto. [Gazette of Balochistan, Extraordinary, 13th May, 2010] No. PAB/Legis: V(8)/2010, dated 13-5-2010.---The Balochistan Local Government Bill, 2010 having been passed by the Provincial. Assembly of Balochistan on 10th May, 2010 and assented to by the Governor, Balochistan on 11th May, 2010 is hereby published as an Act of the Provincial Assembly. Preamble.---Whereas the Constitution of Islamic Republic of Pakistan under Article 32 requires the State to encourage Local Government Institutions composed of elected representatives of the areas concerned and having special representation of peasants workers and women: Whereas the Constitution requires the provincial, government to decentralize the government administration under Article 140-A so as to facilitate expeditious disposal of its business to meet the convenience and requirements of the public: And Whereas it is expedient to consolidate the law relating to Local Government Institutions so as to the obligation in line with the requirements of the Constitution: Now therefore, it is enacted as under: CHAPTER IX LOCAL COUNCIL FINANCE 96. Establishment of Local Fund and Public Account.---(1) For every Local Council there shall be established a Local Fund and a Public Account. (2) To the credit of respective Local Fund shall be placed all revenues received by a Local Council from the following sources:-- (a) monies transferred by another Local Council under this Act; (b) grants made to or monies received by a Local Council from the Government or other authorities in Pakistan. (c) the proceeds of taxes, tolls, fees, rates or charges levied by a Local Council under this Act; (d) rents and profits payable or accruing to a Local Council from immovable property vested in or controlled or managed by it; (e) proceeds or any other profits howsoever known or called from bank accounts and investments of a Local Council. (f) gifts, grants or contributions to a Local Council by individual or institutions; (g) income accruing from markets or fairs regulated by a Local Council; (h) fines and penalties imposed under this Act; (i) proceeds from other sources of income which are placed at the disposal of a Local Council under directions of the Government; and (j) All monies transferred to a Local Council by the Government including loans if any. (3) To the credit of respective Public Account shall be placed all revenues received by a Local Council from the following sources-- (i) receipts accruing from trusts administered or managed by a Local Council. (ii) refundable deposits received by a Local Council; and (iiii) deferred liabilities. (4) A Local Council may and if required by Government shall establish and maintain a separate fund for any special purpose to which one or more sources of revenue mentioned in subsection (2) or any part of these sources or any specified portion of the Local Fund may be assigned and which shall be administered and regulated in such manner as a Local Fund.