128

ACT XII OF 1975 ACT XII OF 1975 BALUCHISTAN LOCAL GOVERNMENT ACT, 1975 CHAPTER XIV‑LOCAL FUND AND PROPERTY 128. Constitution of Local and Special Funds.‑(1) For every Local Council there shall be formed a Local Fund. (9) To the credit of the Local Fund formed under subsection (1) shall be ,placed‑ (a) the balance of such fund as, on coming into force of this ,Act is at the disposal of a Local. Council as defined in the Balucdistan People's Local Government Ordinance, 1972 of which the Local Council concerned is declared to be successor under section 6 of this Act ; (b) proceeds of all taxes, tolls, fees, rates and other charges levied by the Local Council under this Act ; (c) all rents and profits payable or accruing to a Local Council from the property vested in or managed by it ; (d) all sums received by the Local Council in the performance of its functions under this Act or under any other law for the time being in force ; (e) all sums contributed by individuals or institutions or other Local Councils or other local authority ; (f ) all receipts accruing from trusts placed under the management of the Local Council ; (g) all grants made by Government or other authorities ; (h) all loans raised and all profits or interests accruing from investment ; (i) all fines imposed under this Act ; (i) all fines awarded to the Local Council under any law ; and (k) such proceeds from such sources of income as the Government may direct to be placed at the disposal of the Local Council. (3) A Local Council may and if required by Government shall establish and maintain a separate fund for any special purpose to which one or more sources of revenue mentioned in subsection (2) or any part of these source.; or any specified portion of the Local Fund may be assigned and which shall be administered and regulated in such manner as a Local Fund.