Amendment status not verified — confirm the current text below against the official source.
(1) There shall be a Fund to be called the West Bengal Silk Worm Cocoon and Silk Yarn Development and Price Stabilisation Fund (hereinafter referred to as the Fund). 45 of 1860. 198 The West Bengal Silkworm Seed, Cocoon and Silk Yarn (Regulation of Production, Supply, Distribution and Sale) Act, 1988. XXV of 1988.] (Section 24.) (2) All moneys received by way of market fees, licence fees or other fees or charges and all grants or contributions made by the State Government shall form part of the Fund. (3) The amount at the credit of the Fund shall not be expended except for the purpose of stabilizing the prices of cocoons and silk yarn and for the development of rearing the silkworm seed, reeling and twisting of silk yarn and matters connected therewith and such other matters as may be prescribed.