Chapter-2 Provisions Relating to Board

Section 23: Provision of revolving fund

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1) The Board may establish a revolving fund to manage its source of income, and such amounts as specified by the Board shall be credited to that fund each year.

2) The amounts of the revolving fund may be held in securities issued by the Government of Nepal or in such a periodic account as may be prescribed by the Board.

3) Generally, no money held in the revolving fund, other than income earned out of the money in that fund, shall be spent.

4) Provisions relating to the operation of the revolving fund shall be as prescribed.

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Section 23: Provision of revolving fund

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