Amendment status not verified — confirm the current text below against the official source.
(1) The Public Trusts Administration Fund shall, subject to the provisions of this Act and subject to the general or special order of the State Government, be applicable to the payment of charges for expenses incidental to the regulation of public trusts and generally for carrying into effect the provisions of this Act. (2) The custody and investment of the moneys to be credited to the Public Trusts Administration Fund and the disbursement and payment therefrom shall be regulated and made in the prescribed manner. Contributions by public trusts to Public Trusts Administration Fund. Penalties as recovery of contribution. Application of Public Trusts Administration Fund. [1950: Bom. XXIX Bombay Public Trusts Act, 1950