70C. Management of fund under section 70A, and keeping accounts thereof.
(1)A separate Bank Account shall be opened with a Nationalized Bank called 'Basic Service for Urban Poor Fund' account wherein funds earmarked under section 70A shall be periodically deposited ensuring that the yearly allocation is equal to the allocation as in the municipal budget.(2)For keeping of accounts of the fund created under section 70A. the Municipality shall maintain separate primary books of accounts with detailed accounting heads in the line with the provisions of the rules made under this Act in line with the National Municipal Accounts Manual for operation of special fund accounts.] [Inserted by section 2 of the West Bengal Municipal (Second Amendment) Act, 2011 (West Bengal Act XVI of 2011), w.e.f. 1.3.2012.]
