(1) The
account of the cash and in kind saving collected by the committee shall
be kept separately and updated by the committee.
(2) The excess saving amount, after allocating ½ (0.5%) of the
total recovered saving for stationary and at the time of the distribution of
loan, keeping Rs. 500 cash in stock, shall be deposited in the saving
account of the land reform saving corporation or in the concerned land
reform office within 7 days.
Provided,
The amount that the committee may keep as stock, shall not be
kept as being defunct for a long period.
65 Amended by Seventh Amendment.
32
(3) All the committee members shall be individually and
collectively liable for the misuse and misappropriation of the saving
amount collected by the committee and such misused amount shall be
recovered as the Government due.