Amendment status not verified — confirm the current text below against the official source.
(1) A fund hereinafter called the Regional Board Fund shall be created and maintained by each Regional Board and the following shall form pa rt of the said fund namely:— (i) grants or allotments, as the case may be, made by the State Board for the purpose of elementary education ; * 17 * « we (ii) fees and fines realised under the provision of this Act ; (iii) all other sums of money that may be realised by the authority concerned by or under this Act. (2) The Secretary of the Regional Board shall deposit the amount received under sub-section (1) in a Government treasury or State Bank of India or Post Office Savings Bank and apply the same in the manner prescribed. Application