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ACT VI OF 2017 ACT VI OF 2017 BALOCHISTAN MASS TRANSIT AUTHORITY ACT, 2017 An Act to provide for the establishment of Balochistan Mass Transit Authority [Gazette of Balochistan Extraordinary, 9th September, 2017] No. PAB/Legis:v(07)/2017, dated 9.9.2017.---The Balochistan Masstransit Authority Bill (Bill No.07 of 2017) having been passed by the Provincial Assembly of Balochistan on 28th August 2017 and assented to by the Governor, Balochistan on 08th September, 2017 is hereby published as an Act of the Balochistan Provincial Assembly. Preamble.---WHEREAS, it is expedient to establish Balochistan Masstransit Authority for the purpose of construction, operation and maintenance of masstransit system in the major cities of Balochistan for providing safe, efficient and comfortable urban transport system; and to provide for the matters connected therewith or ancillary thereto; It is hereby enacted as follows:- 10. Establishment of the fund.---(1) There shall be established a Fund known as the Masstransit Authority Fund which shall vest in the Authority and shall be utilized by the Authority to meet all its expenses and charges in connection with its functions and powers under this Act including the payment of salaries and remuneration to its employees. (2) The Authority shall establish an escrow account in a scheduled bank approved by the Government and the account shall be collectively operated by the authorized representatives of the Authority and such service provider, as may be determined by the Authority. (3) All money credited in the Fund shall be deposited with the bank approved by the Government. (4) The Fund shall be consist of: (a) fees, fines and other amounts received by the Authority; (b) grants from the Government or any other body or organization; (c) foreign aid and foreign loans obtained or raised by the Authority with the sanction of, and on such terms and conditions as may be approved by the Government ; (d) proceeds of all charges and income from sale of assets, and any recovery made under this Act; and (e) such other sums as may be received by the Authority.