Section 22: Fund — Small and Medium Exterprises Development Authority Ordinance, 2002

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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22. Fund.—(1) There shall be established a Fund vested in the Authority which shall be utilized by the Authority to meet all such costs and charges incurred in connection with its functions under this Ordinance. (2) The Fund shall consist of— (a) such funds as the Federal Government may, from time to time, grant to the Authority; (b) allocations made by the Federal Government from the Federal Consolidated Fund or any other financial source available with the Federal Government; (c) annual grant (budget) obtained from the Federal Government; (d) non-repayable fees, and income, accruing to it under the law, donation. bequests, endowments, contributions, and other receipts provided to the Authority by any person, agency, body, corporate (statutory or otherwise), institution approved by the Board; and (e) all other sums or property which may, in any manner, become payable to or be vested in the Authority.

Effective date: 2002-01-01

Related sections

Section 21: Removal of Member. The Federal Government may, on the recommendation of the Section 23: Expenditure to be charged to the Fund. The Fund shall be expended for the purposes Section 20: Resignation Section 24: Accounts, annual financial report and audit Section 19: Conditions of service and disciplinary powers. The Authority shall prescribe the Section 25: Investment. The Authority may insofar as moneys are not required to be expended

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