25
Powers to invest
Act: Balochistan Water and Sanitation Authority Act 1989
Section Provisions
ACT IX OF 1989 ACT IX OF 1989 BALOCHISTAN WATER AND SANITATION AUTHORITY ACT, 1989 An Act to provide for the establishment of a Water and Sanitation Authority for cities in Balochistan. [Gazette of Balochistan, Extraordinary, 27th September, 1989] No.PAB/LEGIS: 111(8)/89, dated 27-9-1989.-- The Balochistan Water and Sanitation Authority Bill, 1989 having been passed by the Provincial Assembly of Balochistan on 10th July, 1989 and assented to by the Governor of Balochistan, is hereby published as-an Act of the Provincial Assembly. CHAPTER IV FINANCE 25. Powers to invest.--The Authority may keep in the current account of any scheduled bank or banks such sums as may be prescribed by provincial Government and any amount in excess of the said amount shall be invested on deposit in any scheduled bank or banks or in any security of the Federal Government or Provincial Government or in any security that has been declared as approved security by the Provincial Government and the Authority shall receive the interest on such deposits and securities.