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12

Finance, accounts and audit of Aiwan-e-Iqbal Fund

Act: Authority for Aiwan-e-Iqbal Ordinance 1998

Section Provisions

ORDINANCE VI OF 1998 ORDINANCE VI OF 1998 AUTHORITY FOR AIWAN-E-IQBAL ORDINANCE, 1998 An Ordinance to provide for the Establishment of Authority for Aiwan-e-Iqbal [Gazette of Pakistan, Extraordinary, Part I, 18th April, 1998] No.F.2(1)/98-Pub., dated 18-4-1998.-----The following Ordinance made by the President is hereby published for general information:-- CHAPTER IV FINANCE, ACCOUNTS AND AUDIT 12. Finance, accounts and audit of Aiwan-e-Iqbal Fund.--(1) There shall be formed a fund to be known as the "Aiwan-e-Iqbal Fund" which shall vest in the Board and shall be utilized by the Board to meet the charges in connection with its functions under this Ordinance. . (2) To the credit of the Fund shall be placed---- (a) the balance in the Iqbal Memorial Fund established under the Finance Division's O.M. No.F4(1)/PF.V/77-2931, dated the 21st November, 1977, the Aiwan-e-Iqbal Maintenance Account and the Aiwan-e-Iqbal Library Account, Aiwan-e-Iqbal as on the coming into force of this Ordinance. (b) grants made by the Federal and Provincial Governments and local authorities; (c) donations including donations from foreign Governments; (d) loans including loans obtained from any Government; (e) sale proceeds of movable and immovable property and receipts for services rendered; (f) rental income of any part of the premises of the Aiwan-e-lqbal and other properties vesting in the Authority; and (g) hire charges accruing from the use of any part of the Aiwan-e-lqbal.