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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. 12. Establishment of fund.---(1) As soon as may be, after the commencement of this Act, the Foundation shall arrange establishment of a fund with the help and assistance of the Government. (2) The fund shall consist of--- (a) such grants as may, from time to time, be made by the Government. (b) other contributions and donations by private or public organizations; (c) such loans and advances as may be obtained from financial institutions with the help of the Government wherever necessary; (d) contributions made by members from time to time; (e) income and profits from investments from various sources; (f) fees and other users charges; (g) amounts received from sale or disposal of assets of the Foundation; and (h) all other sums received by the Foundation and income from any other source. (3) The monies credited to the fund shall be kept in such custody as may be prescribed.