Define Local Fund?
Ans. Local Funds Means:-
(a) revenues administered by bodies which by law or rules comes under the control of Government, whether in regard to proceeding generally or to specific matters, such as sanctioning of their budget, sanction to the creation or filling up of particular posts, or the enactment of leave, pension or similar rules; and
(b) the revenues of any body which may be specifically notified by the President as such. 👇
Question asked in HPFAS ( 1991, 1998) 💥
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