State Act
7
Section 7. Constitution of Fund.
the Punjab Education Development Act, 1998
Act no. 26 of 19981998In forcePunjab (State Act)
7. (1) There shall be constituted a Fund to be called the Punjab Education Development Fund, which shall vest in the Board established under section 3. (2) The Fund shall be administered by the Member-Secretary of the Board under the superintendence and control of the Board. (3) The amount of cess levied and collected under section 6 along with the grants received from the State Government and Local authorities, shall be credited to the Fund within such period and in such manner, as may be prescribed.