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State of Jharkhand - Section

Section 387 in Bihar Education Code, 1961

387. Grants to Middle Schools.

- The monthly grant to an aided middle school is limited to the difference between the standard cost calculated as above and the income derived from all local sources such as fees and subscriptions, provided that the minimum grants to a middle school shall be Rs. 30 a month. When school has been in existence for three years or more, the amount of the local subscriptions may for the purpose of this article be reckoned, if the school authority so desires, at the average of the full subscriptions for the last three years, instead of at the sum realised during the past year. Any subscription over that amount may go to provide a reserve fund, while the standard may subsequently be lowered in cases of genuine adversity.(Government notification no. 194-E., dated the 29th January, 1915 and Government Resolution no. 3268, dated the 5th December, 1923.)