Board Fund.
(2) The Board may accept grants, subventions, donation and gifts from the
Central Government or' [ ] a local authority or any individual or body, whether
incorporated or not, for all or any of the purposes of this Act.
(3) All moneys received by or on behalf of the Board by virtue of this Act,
all proceeds of land or any other kind of property sold by the Board, at! rents and
all interest, profit and other money accruing to the. Board, shall constitute the
Housing Board Fund.
(4) Except as otherwise directed by the '(Administrator], all money and
receipts specified in the foregoing provisions and forming part of the fund of the
Board shall be deposited in the State Bank of India or in any Scheduled Bank ora
Co-operative Bank or invested in such securities as may be approved by the
*i Administrator].
(5) Such accounts shall be operated upon by such officer as may be authorised by the Board.
Explanation. - For the purposes of this section, a Scheduled Bank shall
moan a Bunk included in the Second Schedule to the Reserve Bank uf India Aet,
1934.
Substituted by Chi. Admit. Gaz. Notification dated 13-3-1975 at page 34-35
1. Omitted vide Chandigarh Administration Gaz. Notification dated 13-3-1975 at page 34-35
Haryana Housing Board Act, 1971 (as extended to Chandigarh) 519
t
Section 56 • THE HARYANA HOUSING BOARD ACT, 1971 (AS EXTENDED TO CHANDIGARH)
Section 56. Hoard's Fund, - (1) The Board shall have a fund culled the Housing
the-haryana-housing-board-act-1971-as-extended-to-chandigarh-sec-56.json
•
Section 56
{
"act_title": "THE HARYANA HOUSING BOARD ACT, 1971 (AS EXTENDED TO CHANDIGARH)",
"act_slug": "the-haryana-housing-board-act-1971-as-extended-to-chandigarh",
"section_label": "Section",
"section": {
"number": "56",
"title": "Section 56. Hoard's Fund, - (1) The Board shall have a fund culled the Housing",
"chapter": null,
"content": "Board Fund. \n(2) The Board may accept grants, subventions, donation and gifts from the \nCentral Government or' [ ] a local authority or any individual or body, whether \nincorporated or not, for all or any of the purposes of this Act. \n(3) All moneys received by or on behalf of the Board by virtue of this Act, \nall proceeds of land or any other kind of property sold by the Board, at! rents and \nall interest, profit and other money accruing to the. Board, shall constitute the \nHousing Board Fund. \n(4) Except as otherwise directed by the '(Administrator], all money and \nreceipts specified in the foregoing provisions and forming part of the fund of the \nBoard shall be deposited in the State Bank of India or in any Scheduled Bank ora \nCo-operative Bank or invested in such securities as may be approved by the \n*i Administrator]. \n(5) Such accounts shall be operated upon by such officer as may be authorised by the Board. \nExplanation. - For the purposes of this section, a Scheduled Bank shall \nmoan a Bunk included in the Second Schedule to the Reserve Bank uf India Aet, \n1934. \n Substituted by Chi. Admit. Gaz. Notification dated 13-3-1975 at page 34-35 \n1. Omitted vide Chandigarh Administration Gaz. Notification dated 13-3-1975 at page 34-35 \nHaryana Housing Board Act, 1971 (as extended to Chandigarh) 519 \nt",
"footnote": "",
"is_definition": false,
"sort_order": 520
},
"prev_section": "52",
"next_section": "57"
}