Section 22
Fund
(1) The Fund shall have its’ own y fund and the followings moneys
shall be deposited on the fund;
(a) The grant to be obtained from the Government of
Nepal.
(b) The money to be received from foreign government,
national or international organization or institution or
person as donation or grant.
(c) The money earned from the movable or immovable
property of the Fund.
(d) Money to be received from any other source.
(2) The total amount to be received by the Fund pursuant to Sub-
section (1) shall be deposited on the account opened in Nepal Rastra Bank
(Central bank of Nepal) or in any commercial bank situated within Nepal.
(3) The total money to be expended by the Fund shall be charged on
the fund pursuant to Sub-section (1).
Provided that, the ceiling of the operation cost of the Fund shall be
Seven percent if the allocated amount for project and programme cost is up
to Five Hundred Million, if the said allocation is more than Five Hundred
Million and up to One Billion the said ceiling shall be either Thirty Five
Million or Five percent which is maximum and if the said allocation is
more than One Billion the said ceiling shall be either Fifty Million or Four
percent which a maximum.
(4) The account of the fund shall be operated in such a manner as
prescribed.
shall be deposited on the fund;
(a) The grant to be obtained from the Government of
Nepal.
(b) The money to be received from foreign government,
national or international organization or institution or
person as donation or grant.
(c) The money earned from the movable or immovable
property of the Fund.
(d) Money to be received from any other source.
(2) The total amount to be received by the Fund pursuant to Sub-
section (1) shall be deposited on the account opened in Nepal Rastra Bank
(Central bank of Nepal) or in any commercial bank situated within Nepal.
(3) The total money to be expended by the Fund shall be charged on
the fund pursuant to Sub-section (1).
Provided that, the ceiling of the operation cost of the Fund shall be
Seven percent if the allocated amount for project and programme cost is up
to Five Hundred Million, if the said allocation is more than Five Hundred
Million and up to One Billion the said ceiling shall be either Thirty Five
Million or Five percent which is maximum and if the said allocation is
more than One Billion the said ceiling shall be either Fifty Million or Four
percent which a maximum.
(4) The account of the fund shall be operated in such a manner as
prescribed.