Amendment status not verified — confirm the current text below against the official source.
School Education Fund - (1) There shall be a School Education Fund for every school consisting of the following,- 1 . The sub-section substituted by the Act No. 4 of 2007, section 4. 7 (i) funds released by the Government or Local Bodies for management or Improvement of infrastructure of the school which will not include salary grant released by Government; (ii) funds for school contingencies released by Local Bodies or Government; (iii) 1[*]; (iv) membership fee from parents; (v) corpus fund collected from members and donors including Grant-in-aid from Government for further development of the school; and (vi) fee collected, if any, from parents. (2) The fund shall be operated in such manner as may be prescribed by the 2[School Management Committee]. 3[Provided that where the 2[School Management Committee] is not in existence, the person in-charge of the committee shall operate the fund in such manner as may be directed either by the Commissioner/Director of School Education or by an officer designated by him.]