Grants Paid in Installments: (Rule 94.1) SS CODE

 CHAPTER IV

GRANTS-IN-AID

SECTION I 

SALARY/NON-SALARY GRANT

Grants Paid in Installments:

 

94.1. The non-salary grant assessed according to the formula prescribed will be payable to the managements of recognized non-government aided secondary schools in two installments every year i.e. the first installments will be payable in June and the second installment in December, respectively. Any amount paid in a year on the basis of estimated expenditure according to the revised formula on the basis of actual expenditure of that year to be in excess or to be found short, the difference will be adjustable by deduction or by paying additional amount to that extent, while releasing the second installment of non-salary grant during the next year.