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ACT IV OF 2007 ACT IV OF 2007 BALOCHISTAN GOVERNMENT SERVANTS HOUSING FOUNDATION ACT, 2007 An Act to provide for establishment of a housing foundation for introducing a scheme for providing plots on no profit no loss basis to Government servants of the province. [Gazette of Balochistan, Extraordinary, 20th August, 2007] No.PAB/Legis:V(43)/2007, dated 20-8-2007.--The Balochistan Government Servants Housing Foundation Bill, 2007, Bill No 8 of 2007 having been passed by the Provincial Assembly of Balochistan on 11th August, 2007 and assented to by the Governor of Balochistan, on 18th August, 2007 is hereby published as an Act of the Provincial Assembly. Preamble.---Whereas it is expedient to establish the Balochistan Government Servants Housing Foundation in order to introduce a scheme for providing plots on no profit no loss basis to Government servant or to their families in case of death during service and to make provisions for matters connected therewith or ancillary thereto. 3. Establishment of the Foundation.---(1) As soon as may be after the commencement of this Act, the Government shall establish a foundation to be known as the Balochistan Government Servants Housing Foundation. (2) The Foundation shall be a body corporate, having perpetual succession and a common seal with power, subject to the provisions of this Act to acquire land in accordance with law and hold properties both movable and immovable and may sue and be sued by the said name. (3) The Government may, from time to time, transfer State or Bilapaimoda (Baroon az line) land free of cost, to be utilized for the purpose for which the Foundation is established.