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ACT XI OF 1991 ACT XI OF 1991 BAHAWALPUR DEVELOPMENT AUTHORITY ACT, 1991 An Act to provide for the establishment of Bahawalpur Development Authority [Gazette of Punjab, Extraordinary, 9th October, 1991] No. Legis. 2(5)/91/53, dated 9-10-1991: -The Bahawalpur Development Authority Bill, 1991, having been passed by the Provincial Assembly of the Punjab on the 2nd day of October, 1991 and assented to by the Governor of the Punjab on the 6th day of October, 1991 is hereby published as an Act of the Provincial Assembly of the Punjab. 19. Authority Fund.---(1) There shall be formed a fund to be known as the `Authority Fund' which shall vest in the Authority and shall be utilized by the Authority in connection with its functions under this Act including payment of salaries and other such remunerations by the Authority. (2) To the Authority Fund, shall be credited;-- (a) grants made by the Government; (b) all moneys received from Federal Government or any international agency 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, movable or immovable; (e) proceeds from the self-financing schemes; (f) loans obtained from the Government or State Bank of Pakistan or any Scheduled Bank with special or general sanction of the Government; (g) all profits or interest accruing from investment; and (h) such proceeds from the sources of income or disposal of assets of the Government as the Government may direct to be placed at the disposal of the Authority. (3) The Authority may keep in current account of any scheduled bank such sum as may be prescribed and any amount in excess of the said amount shall be invested in the Government securities, the Government sponsored saving schemes or in such manner as may be determined by the Authority. EXPLANATION.---For the purpose of this subsections the Government includes Federal Government.