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ACT IV OF 2017 ACT IV OF 2017 BALOCHISTAN SPECIAL DEVELOPMENT BOARD ACT, 2017 An Act to provide for the establishment of a Board to be known as the Balochistan Special Development Board [Gazette of Balochistan Extraordinary, 8th June, 2017] No. PAB/Legis:v(05)/2017, dated 8.6.2017.---The Balochistan Special Development Board (For Low Cost Housing Schemes) Bill (Bill No.05 of 2017) having been passed by the Provincial Assembly of Balochistan on 20th May, 2017 and assented to by the Governor, Balochistan on 07 June, 2017 is hereby published as an Act of the Balochistan Provincial Assembly. Preamble.---WHEREAS, it is expedient to provide for establishment of a Board to be known as the Balochistan Special Development Board, for considering, designing and launching low-cost housing and shelter homes schemes for the needy and homeless people in the province of Balochistan; and to provide for the matters connected therewith or ancillary thereto; It is hereby enacted as follows:-- 10. Fund.---(1) There shall be established a Fund to be known as "Balochistan Special Development Board Fund" which shall vest in the Board with powers to manage and operate it. (2) All receipts of the Board from any source whatsoever including endowments, contribution and annual grants from Government shall be credited to the Fund. (3) Government shall provide annual grants to the Board for carrying out the purposes of this Act. (4) The Board may receive grants from other sources including private sector. (5) The Board may invest its funds in investment schemes including Government securities for raising funds. (6) The Fund shall be managed and operated in the manner as may be prescribed.