Amendment status not verified — confirm the current text below against the official source.
Fund. (2) (3) Save as othetwise pmvided in this Act' any money r-ecelved by the market comrnittee by way of arbltt';;;;;; ;t"seorrily f".t't*-* in arbl'ation o#J,''.i"o.',::':r::[i:**mH,i1l1H:[Tffi,7 u,ay of security deposit, coauiDuEr::^: "j_"';;".'-"r*Uf" to market ;#-;i aiy agricultural oroduce' or charges pay fuirctionarlet and nrch "*"t tL""V t"ceived- by q" TltO' oommitteeas may be provided in the rule "t-i[t'* ttt"u iot form patt of the Market Fund, and shatl be kept tn such manner as may be prescrlbed' save as othet.h'ise provitted in thls Act, the amount to dre credit of the Market Fund and all other #;;ilLv.a"'TIlt committEe shall be depostted in a scnea"tea-c"''"'"tnt" uanf a naliglatzed bank Post office savtngs bank or '" ** "ii*-*nJii inan"ia instlurdons as tlre Board maY aPProve' Purltoles for rryhlch the Msr*et Fuad shall be expended' - Subiect to the nmvistons of thl, oo, tn" *'o""il ti" Glaws made thercrmder' the Market Fund :ffi;;;ror meeuns dle followtng purposE3' namelv: ' (l) contrtbutlng to the Statt Agriorltural Marketing Board as may be prescrlbed; b med the admlnlstrative orpcnditure of the market commlttee' lnduding paJment of salaries *a. "'iit" ""tJu'tion -mt 'eras pruvldcnt fund' Densions, leave satary ano grltuiUes' compensations br inlurles resulting 'from acc{dents, "ornp""'onitl';til.nit for the ofncers and staff emploY€d bY it and legal exPenses; (2) CHAPTER-VIII Martret ltuud 3z :kcc!tron of eo{rtrectt' - (1) Every ctntrad.enterd tnb by a marlet committee shall be tn wrlting "ta "f'"iii* #cuted on its behatf by tts Chatt?emon and tlre Execud\te Ofncer' (2) No contract otler than a contr3ct etecuted ac provlded ln 5ub'sedion (1) aboveshallberralidorbtndlngouthemarkstcommltte€. 6380 I TrIEASSAM EXTRAORD TARY, IULY 15, 2022 to mcet the er(pensos ofand lncidental to elecdons of the mar:ket commlttee; &r dre establtshment malntenanc€ and improvement of the market yard; for the construcdon and repair of butldlnts and other infrastructure convenience and safety ofpersons using the market yard; (6) to provide facflldes for qua.llty certificado& standardization and agrianlfural produce and for commu[ication wlth agrtculturists and producers in the delineaEd market area; (3) (4) (s) {4 (8) (10) (11) (e) to provide and maintah shrdard weights and measunes; Hff ;'*f#.:lX}y',l"ron or rnrormadon resardins mafters fur contributsng a "r, nd r"rkedng ofagrtc,rturar pt,duce; '"'kJ;;.;;;#;'S;X,:o::l "" derrcropment or asr''cultural for incurrlng erpenses on asriculordi;ir-*1" "" ttsearch' extenslon and Eaintng in markedng of I:',fr:ll"?jl,H1iffirl1ger asencree state, cen*ar and orbers, ffi g:il?i"Hfr ,l#gf ttriif#tr",#ffi #"mffi tr to cnaate and Promot€ on lt ,m,m'm,***.e*mmiilf i*l,rimrx for the acqulsiEon ofsites or t ,;H",:ffi #;:Ttrr"i,:r#;;"T.ffi:;#.1"T$: j,#:,,tr for erpenses incuned in audlung the accounts of the mark€t commltt€e; gffi,i*,jf;ll-.;*?,ffi ,gfl it$["r,rrrlf[.nT,* cont buting to the general s,*ourerf, eiil"il"J;;[:T,"_;:I.J;T,lf#j,#:;H::, any other purpose connecter $I,xT.Hffi :fff,H'Y$J::T*';iffif; iHHl:il:l:; for suct o&er purposes as the Board may dlrcct ftom 6me to time, (14) (ls) o6) 04 (18) (1e) (20) necessary for t}te grading of (12, (13) TIIE ASSAM GAZETTE, EXTRAORDINARY, IIJLY Ls, 2022 6381 {0. }rbappucadon of frc Market Funa - (1) Any orpenditure lncurred by the market commlttee for e purpose other than those specifted under the last precedlng section or any qpendlture lncurred ln exce$ of the budget approved by the Board shall deemed to be mlrappllcation of the Market Fun4 (2) Io case of misappllcadon ofthe Marftet pund, the Board may take such actJon as may be expedlenc CHAPTER- IX Flaance and Accounts 4L Accounl! of thc mar*et canElttee. -The manner in which any payment shall be made by the market commtttee, its accounts shalt be kept and audtted or re.audited (includlng powers b be exertised by the auditor in that behalf), lts annual, r€vlsed or supplementary budget estimates of income and expendlture shalt be made (includlng prcvlslon for modifying, annulllng or resctndtng such budges) and ts annual admlnlstration report shall be prepared shall be prescrlbed by rules made ln $at behalf, {iL Prcpsredor and sanctlon of budget - [1) Every market clmmittee shall prepare and pass a budget of its lncome and expenditure for the ensuing,rear in the prBcrlbed forrn and shall submlt lt to the Board for approval. The Board shall approvr tbe budget with or without modifrcadons, within two months from the date of recelpt tlcrcof, faillng which the budget shall be deemed to have been approved by the Board. (2) No expcndiure shall be lncurrrd by the market commlttc€ on any item if there ls no provislon ln the sancHoned budget thereof: Provided that the market commlttce may, with tte prlor approral of the Board, re-apprcprlate the saving avallable under one head to other heads for incurring expenditure under such other heads. A market commlttee may, at any dme during the year for whlch a budget has been apprnved by rhe Board, cause a revised or supplemenEry budget to be passed and submlt to the Board for approval, ln tlr€ same manner as if it were an orlgnal budget t3)