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Rule 3
Establishment of Fund
(1) A fund named Peace Fund is established.
(2) The fund under sub-rule (1) shall have the following cash and in-kind assistance:-
(a) Received from Government of Nepal,
(b) received from a foreign government or individual, international association, organization,
(c) Received from a non-resident Nepali,
(d) received from an international charity,
(e) Received from Nepali association, organization or person,
(f) Obtained from other sources.
(3) According to clause (b) of sub-rule (2), the cash assistance received from foreign donors under the joint financial arrangement shall be deposited in the account opened in Nepal Rashtra Bank and designated by the office of the Comptroller General.
(3A) Apart from the aid amount received from foreign donors under the joint financial arrangement, other cash aid received under sub-rule (2) shall be deposited in the central account of the Government of Nepal.
(4) The committee shall open an account in Nepal Rastra Bank in the name of the fund after requesting from the Government of Nepal the amount necessary for the administrative expenses of the secretariat and the project operated by organizations other than government agencies from the cash collected according to sub-rules (3) and (3A). > (5) The operation of the account as per sub-rule (4) shall be as prescribed by the committee.
(2) The fund under sub-rule (1) shall have the following cash and in-kind assistance:-
(a) Received from Government of Nepal,
(b) received from a foreign government or individual, international association, organization,
(c) Received from a non-resident Nepali,
(d) received from an international charity,
(e) Received from Nepali association, organization or person,
(f) Obtained from other sources.
(3) According to clause (b) of sub-rule (2), the cash assistance received from foreign donors under the joint financial arrangement shall be deposited in the account opened in Nepal Rashtra Bank and designated by the office of the Comptroller General.
(3A) Apart from the aid amount received from foreign donors under the joint financial arrangement, other cash aid received under sub-rule (2) shall be deposited in the central account of the Government of Nepal.
(4) The committee shall open an account in Nepal Rastra Bank in the name of the fund after requesting from the Government of Nepal the amount necessary for the administrative expenses of the secretariat and the project operated by organizations other than government agencies from the cash collected according to sub-rules (3) and (3A). > (5) The operation of the account as per sub-rule (4) shall be as prescribed by the committee.