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46

Food Authority Fund

Act: Balochistan Food Authority Act 2014

Section Provisions

ACT VI OF 2014 ACT VI OF 2014 BALOCHISTAN FOOD AUTHORITY ACT, 2014 An Act to provide for the safety and standards of food and for establishment of Balochistan Food Authority. [Gazette of Balochistan, Extraordinary, 7th February, 2014] CHAPTER VI FINANCES AND REPORTS 46. Food Authority Fund.---(1) There shall be established a fund to be known as the Food Authority Fund to be administered and controlled by the Food Authority. (2) The Food Authority Fund shall consist of-- (a) funds provided by the Government or the Federal Government; (b) loans or grants by the Government or the Federal Government; (c) other loans or funds obtained by the Food Authority; (d) grants and loans negotiated and raised, or otherwise obtained, by the Food Authority with the prior approval of the Government; (e) fee, charges, rentals and fines collected by the Food Authority; (f) income from the lease or sale of the property; (g) funds from floating bonds, shares, debentures, certificates, or other securities issued by the Food Authority; and (h) all other sums received by the Food Authority. (3) The Food Authority shall meet all of its expenses from the Food Authority Fund. (4) It shall be the duty of the Food Authority to conserve the Food Authority Fund while performing its functions and exercising its powers under this Act.