Under the PERA Force Laws, the power to authorize withdrawals from the PERA Fund lies exclusively with the Authority. This ensures that every financial transaction is carried out under the direct supervision and approval of the body responsible for administering... Read More
Under the PERA Force Laws, the power to authorize withdrawals from the PERA Fund lies exclusively with the Authority. This ensures that every financial transaction is carried out under the direct supervision and approval of the body responsible for administering the Fund. The Authority’s control over withdrawals is a key element in maintaining fiscal transparency, accountability, and proper utilization of the Fund.
Withdrawals from the PERA Fund are typically made for three major purposes — payment of enforcement costs, grant of rewards, and refunds of fines or rents when legally due. Before any disbursement, the Authority verifies that the expenditure is consistent with the provisions of the Act and the financial rules framed thereunder. No individual officer, including the Hearing Officer or any subordinate official, is permitted to authorize such payments independently.
The Authority’s authorization process usually involves internal verification, accounting, and auditing protocols. All transactions are recorded in official accounts and subjected to regular audits to ensure compliance with government financial procedures. This mechanism prevents misuse of public funds and ensures that every withdrawal serves a lawful enforcement or administrative purpose.
By granting this exclusive authority to the governing body, the PERA Force Laws reinforce institutional integrity and financial discipline. It ensures that the PERA Fund remains secure, transparent, and used solely for activities that align with the objectives of the Act — such as enforcement, capacity building, and public accountability.
In summary, under the PERA Force Laws, only the Authority is empowered to authorize withdrawals from the PERA Fund, ensuring transparent and lawful financial manageme
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