Amendment status not verified — confirm the current text below against the official source.
Sharing of revenue. (vi)The Anchal Samity on receipt of the amount referred to in clause (iv) shall credit it to the Anchal Samity fund constituted under section 37 of the NEFA Panchayat Raj Regulation, 1967 (3 of 1967). 2 c[Provided that 50 percent of such amount shall be utilized for the development activitiesof the village concerned in such manner and by such authority as may be prescribed;] 20(vii) [ ...... deleted]. 30 [5A. The revenue earned from each Village Forest Reserve shall be shared by the State Government and the concerned Village Panchayat in the manner hereinafter provided- i. The State Government shall meet the ordinary non- recurring and recurring expenditure of any year out of the revenue received during the year from the management of the Village Forest Reserve. The balance left after meeting such expenditure shall hereinafter referred to as the net revenue of the year. If. The State Government shall retain every year fifty percent of the net revenue of the year : Provided that if in any year, the ordinary non-recurring and recurring expenditure equals or exceeds the ordinary nonrecurring and recurring expenditure over the revenue receipts, such excess expenditure shall be added to capital expenditure for the purpose of clause (iii).