Amendment status not verified — confirm the current text below against the official source.
(1) The Board shall have and maintain its own fund in the name and style of 'Prisons Development Fund' to which shall be credited:- (a) all moneys received by the Board from the Central and State Government, by way of grants, loans, advances or otherwise; (b) all moneys borrowed by the Board by way of loans or debentures; (c) all moneys generated by the agricultural, horticultural, industrial, manufacturing or other activities undertaken by the prisoners in Prisons; (d) all fees, charges, moneys received and profits received by the Board from any leasing or commercial activities carried out; (e) all moneys received by the Board after the disposal of lands, buildings and other properties (movable and immovable); (f) all moneys received by the Board by way of rents or profits or in any other manner or from any other source; Fund PUNJAB GOVT. GAZ. (EXTRA), APRIL 17, 2020 (CHTR 28, 1942 SAKA) 87 (g) all moneys received by the Board by way of profits by running of inner and outer canteens or provision stores in the prisons; and (h) all moneys received by the Board by way of donations from approved non-Governmental organizations, registered charitable institutions or bodies and individuals. (2) The Fund shall be applied towards meeting the expenses incurred by the Board in the administration of this Act and for such other purposes, as may be prescribed or decided in the Board meetings. (3) The Board shall keep such sum of money out of its funds in deposit in any of the Nationalized Banks, and any money in excess of the said sum shall be invested in such manner as may be prescribed.