Amendment status not verified — confirm the current text below against the official source.
Every Committee shall levy, charge and collect market fee in the manner as may be prescribed on basis at the rate not exceeding two rupees for every one hundred rupees as may be fixed by the State Government. (l) On the sale or purchase of notified Horticultural produce, whether brought from within the State or from outside the State into the market area; and (ll) On the notified Horticulture produce whether brought from within the State or from outside the State into the market area for processing. Levy of markel Fee. Sing le Point 42 levy. 94 (1) Market fee specified in section 41 shall not be levied for the second time in any market area within the State provided that market fee has already been paid on the Horticultural produce in any market area of the State and the information to this context has to be furnished by the concerned person that the payment of market fee has already been paid in other market of the State on demand. (2) On the Horticulture produce brought in the market area for commercial transaction or for processing, the market fee shall be deposited by the buyer or processor, as the case may be, in the office of the Committee, within fourteen days but before sale or resale or processing or exporl outside the market area of such Horticultural produce. (3) In case any notified Horticulture produce is found to have been processed, sold, or resold or dispatched outside the market area without payment of market fee payable on such produce, the market fees shall be levied and recovered five time the market value of the processed produce or value of the Horticulture produce, as the case may be. (1) All money received by or on behalf of the Board shall be credited into a fund to be called the Marketing Development Fund. The account shall be operated in the Joint Signatures of the Chairman of the Board, l\,lanaging Director-cum- lr,4ember Secretary and Finance & Account Officer of the Board in State level. The fund shall be deposited in any nationalized bank. (2) All payments made by the Board shall be defrayed out of the said fund. (3) The Board may for carrying out the provisions ol this Act, borrow money from the State Government or may borrow with the previous approval of the State Government r- (l) From any other agency ;or (ll) lssue debenlures on the authority ol any property vested in it or on the security of a part of its future income accruing to it under this Act, or the rules made thereunder. l\,tarketing Development Fund/corpus fund, 43 95 (4) The Marketing Development/Corpus Fund shall be utilized by the Board eitheror its own orthrough public-private partnership for the discharge of functions entrusled to the Board under this Act. Without prejudice to generality of this provision, the Marketing Development Fund may be utilized for the following purposes:- (l) Payment of administrative expenditure of the Board. (ll) Travelling and other allowance to the employ- ees ol the Board, Chairman and its members. (lll) Payment of wages/salaries ol contingencies staff. (lV) Meeting any legal expenses incurred by the Board. (V) Giving aid to tinancially week Committees in the shape of loans and grants on the term and conditions as may be prescribed Propaganda and publicity on matters relatirE to marketing ol Horticulture produce. (vl) Training of the and staff of the committees and Board and also to Horticulturists. (Vll) ileeting expendilure in marketing exlen- sion activities and e-trading. (Vlll) Organizing and arranging workshops, seminars, exhibitions, etc ;on development of marketing. (lX) Maintenance of the office of the Board and construction and repair of its office buildings, rest house, and staff quarters. (X) General improvement of the regulation of markeling in the Slate. (Xl) Loans and advances to the employees. (Xll) Expenses incuned in auditing the accounts of the board. (Xlll) Providing technical and administrative assistance to theCommittee, including execution of works. Annual budget of the Board. Accounts, Audit and Annual Report of the Board. Committee Fund. 96 (XlV) i/arket survey and research, grading and standardization, q u ality certitication of horticulture produce and other allied subjects. (XV) Grading and standardization of Horticultural produce. (XVl) Collection and dissemination of market rates and news. (XVll) Better marketing of Horticultural produce ; and (XVlll) With the previous sanction ofthe Slate Govern' ment, any other purpose which is calculated to promote the general interest of the Board, Committees or national or public interest.