21
Fund of the Institute
Act: Balochistan Institute of information Technology and Management Sciences Ordinance 2002
Section Provisions
BALOCHISTAN INSTITUTE OF INFORMATION TECHNOLOGY AND MANAGEMENT SCIENCES ORDINANCE, 2002 BALOCHISTAN INSTITUTE OF INFORMATION TECHNOLOGY AND MANAGEMENT SCIENCES ORDINANCE, 2002 ORDINANCE X OF 2002 An Ordinance to provide for the establishment of Balochistan Institute of Information Technology and Management Sciences at Loralai. [Gazette of Balochistan; Extraordinary, 18th July, 2002] No. Legis: 1‑130/Law/2001, dated 18‑7‑2002. The following Ordinance made by the Governor of Balochistan on 8th July, 2002, is hereby published for general information: 21. Fund of the Institute. ‑‑‑(1) The Institute shall have a Fund to w inch shall be credited income from fees, donations, trusts, bequests endowments, grants, contributions and income from any other sources. (2) The capital and recurrent expenditure of the Institute shall be met from the contributions made by any sources including foundations, universities and individuals and from the income derived from such sources. (3) The Institute may obtain funds from the Government of Balochistan according to such terms and conditions as may be mutually agreed upon. (4) No contribution, donation or grant which may directly or indirectly involved any immediate or subsequent financial liability for the Institute, or which may involve an activity not included in the academic programmes of the Institute for the time being, shall be accepted without the prior approval of the Board.