State Act

Enactment No. 1984 dated 14-4-1960

Article 13 1[“The Government shall, under Notification published in the Official Gazette, determine that the funds of Provedoria da Assistencia Publica be deposited in Banks. Para 1 : Funds called (1) “I.P.A. (Provedoria) Employees Provident Fund” and (2) “I.P.A, (Provedoria) Employees Pension and Gratuity Fund” shall be separated from the consolidated “Corpus Fund” of the I.P.A. (Provedoria) and maintained separately in the books of accounts. The balance fund shall be invested in, besides Co-operative Banks, long term deposits in Nationalised Banks or Financial Institutions recognised by the Reserve Bank of India which offer better financial terms. The withdrawal of the funds so deposited shall be made by cheques signed by the Director of Provedoria and Administrative-cum-Accounts Officer/Joint Director of Accounts.”]