18
Housing and Town Planning Fund
Act: Balochistan Housing and Town Planning Authority Act 2020
Section Provisions
ACT II OF 2020 ACT II OF 2020 BALOCHISTAN HOUSING AND TOWN PLANNING AUTHORITY ACT, 2020 An Act to provide for the establishment of Housing and Town Planning Authority in the Province of Balochistan [Gazette of Balochistan Extraordinary, 10th September, 2020] No. PAB / Legis; V(18) / 2019, dated 10.9.2020.---The Balochistan Housing And Town Planning Authority Bill, 2019 (Bill No.18 of 2019), having been passed by the Provincial Assembly of Balochistan on 10th August, 2020 and assented to by the Governor, Balochistan on 10th September, 2020 is hereby published as an Act of the Balochistan Provincial Assembly. Preamble.---WHEREAS, it is expedient to establish an authority for Housing and Town Planning in order to provide shelter to the shelter less and to establish a comprehensive system of town planning at regional, district, tehsil or union council level, as such to ensure systematic, integrated growth of urban and rural areas in the Province of Balochistan and to make provisions for matters connected therewith and ancillary thereto: It is hereby enacted as follows:- CHAPTER-VII HOUSING AND TOWN PLANNING FUND. 18. Housing and Town Planning Fund.---(1) There shall be formed a fund to be known as Housing and Town Planning (Revolving) Fund which shall vest in the Authority and shall be utilized by the Authority in connection with its functions under this Act including the payment of salaries and other remunerations to the members, officers, servants, experts and consultants of the Authority. (2) The Fund shall consist of -- (a) grants and loans by the Government; (b) all funds and accounts received from Federal Government or any international Authority by way of grants, loans, advances or otherwise; (c) all fees, rates and charges received by the Authority under this Act; (d) all moneys received by the Authority from the disposal of lands, buildings and other properties moveable and immovable; (e) proceeds from the self-financing schemes; and (f) all other sums receivable by the Authority. (3) In case of deficit revenue of the Authority, Government shall provide from its own revenues or from any other source, such sum as may be necessary for the efficient performance of functions of the Authority under this Act. (4) The Authority may keep in account of any scheduled bank such sum as may be prescribed and any amount in excess of the said amount shall be invested in Government securities, Government sponsored saving schemes or in such manner as may be determined by the Authority. Explanation.---For the purpose of this subsection, Government includes Federal Government.