Execution of Trust Deed or Agreement-Execution of an Agreement-Insurance of Buildings -RULE 103.1-104-SSCODE
CHAPTER IV GRANTS-IN-AID SALARY/NON-SALARY GRANT SECTION II BUILDING GRANT Execution of Trust Deed or Agreement 103.1. No portion of building grant shall be paid to the management of a school unless and until they execute or agree to execute a trust deed or an agreement, as the case may be, in accordance with the requirements of the Rule 103.2 below. If, however, the building is erected on a site already covered by a trust deed, a receipt may be sufficient. Execution of an Agreement: 103.2. If the total amount of building grant does not exceed Rs. 10,000 and the building is, in the opinion of the director of such a description that it is not worthwhile requiring the executions of a trust deed, the director may accept from the management a written agreement undertaking: (a) To maintain the bui...