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ACT VII OF 2020 ACT VII OF 2020 BALOCHISTAN SEIZED AND FREEZED INSTITUTIONS (MADAARIS AND SCHOOLS) ACT, 2020 An Act to provide for establishment of Madaaris and Schools Management Board in Balochistan [Gazette of Balochistan Extraordinary, 9th November, 2020] No. PAB / Legis: V(07) / 2020, dated 9.11.2020.---The Balochistan Seized and Freezed Institutions (Madaaris and Schools) Bill, 2020 (Bill No. 07 of 2020), having been passed by the Provincial Assembly of Balochistan on 26th October, 2020 and assented to by the Governor Balochistan, on 06th November, 2020 is hereby published as an Act of the Balochistan Provincial Assembly. Preamble.---WHEREAS, it is expedient to provide for establishment of Madaaris and Schools Management Board to manage the seized and freezed institutions; to ensure mainstreaming of students of such institutions; and to provide for matters connected therewith and ancillary thereto: It is hereby enacted as under: 10.(sic.) Board Fund.---(1) There shall be a fund to be known as Board Fund. (2) The Board Fund shall consist of: (a) Grants-in-aid made by the Government; (b) Loans obtained from the Government; (c) Aid and loans obtained by the Board with the prior approval of the Government on such terms and conditions as may be approved by the Government; and (d) Fees and other sums received by the Board. (3) All moneys at the credit of the Board shall be kept in such manner as may be prescribed. (4) The Board Fund shall be utilized by the Board in connection with its functions under this Act, including the payment of salaries and other remunerations of the employees of the Board.