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ACT II OF 2010 ACT II OF 2010 ALI INSTITUTE OF EDUCATION LAHORE ACT 2010 An Act to provide for the establishment of the All Institute of Education Lahore [Gazette of Punjab, Extraordinary, 15th February, 2010] No.PAP-Legis-2(07)12008/175, dated 15-2-2010.---The Ali Institute of Education Lahore Bill 2008, having been passed by the Provincial Assembly of the Punjab on 10 February, 2010, and assented to by the Governor of the Punjab on 13 February, 2010, is hereby published as an Act of the Provincial Assembly of the Punjab. Preamble.---Whereas it is expedient to provide for the establishment of the Ali Institute of Education Lahore in the private sector and the connected matters; It is hereby enacted as follows:-- 11. Treasurer.---(1) The Board shall, on the recommendation of the Rector, appoint a Treasurer of the Institute on such terms and conditions as may be prescribed. (2) The Board shall not appoint a person as Treasurer unless he possesses the prescribed qualifications and experience. (3) The Treasurer shall be the chief financial officer of the Institute and shall-- (a) manage the assets, liabilities, receipts, expenditures, funds and investments of the Institute; (b) prepare the annual and revised budget estimates of the Institute and present the estimates to the Board; (c) ensure that the funds of the Institute are spent according to the budget or any other special arrangement; (d) ensure that the accounts of the Institute are audited annually and are available for submission to the Board within six months of the close of the financial year; and (e) perform such other functions as may be prescribed or assigned to him by the Board. (4) The Treasurer shall hold office for a renewable term of three years.