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26

Funds, accounts and audit

Act: Balochistan Sports Board Act 2009

Section Provisions

ACT XV OF 2009 ACT XV OF 2009 BALOCHISTAN SPORTS BOARD ACT, 2009 An Act to provide for the establishment of a Sports Board in the Province of Balochistan and the matters ancillary thereto [Gazette of Balochistan Extraordinary, 3rd November, 2009] No. PAB/Legis: V(15)/2009.5043, dated 3-11-2009.---The Balochistan Sports Board Bill, 2009 having been passed by the Provincial Assembly of Balochistan on 17th October, 2009 and assented to by the Governor, Balochistan on 24th October, 2009 is hereby published as an Act of the Provincial Assembly. Preamble.---Whereas, it is expedient to establish a Sports Board in the Balochistan; It is hereby enacted as follows:-- 26. Funds, accounts and audit.---(1) There shall be a fund known as the Balochistan Province Sports Board Fund, hereinafter referred to as 'the Fund'. (2) The Fund shall consist of--- (a) the grants made by Government. (b) donations made by any person, institution or organization; (c) income accruing from any property of the Board or its investment; (d) loans raised or obtained by the Board with the prior approval of Government; and (e) all other sums received by the Board; (3) The fund shall be utilized exclusively for the promotion and development of sports and games in the Province and for matters ancillary or incidental thereto. (4) The Fund shall be maintained in such manner as may be prescribed. (5) The accounts of the Board shall be audited once in every financial year by the Auditor General of Pakistan. (6) The audit report shall be submitted to the Board and with comments of the Board to Government. The Board shall comply with and direction issued by Government for rectification of an audit objection