Amendment status not verified — confirm the current text below against the official source.
Every Market Committee shall pay to the Board 50% of its annual gross income derived from licence fee and cess as contribution to meet the expenses of establishment of the Board and execution of works as may be directed by the Government from lime to time for carrying out the purposes of this Act and for execution of other functions assigned to the Board under this Act including the maintenance of pool of officers common to Board and Market Committee : THE ASSAM GAZETTE, EXTRAORDINARY, JAN. 30. 2001 153 Provided that 50% of the amount out of the amount collected by way of contribution from the Market Committees by the Board every year shall be transferred from the Marketing Board Fund to a separate account to be known as Agricultural Development Fund. The Chief Executive Officer shall incure expenditure after approval from the Board from and out of that fund on such schemes or items as may be prepared for the development of Agricultural Produce and Market subject to the approval of such schemes or items by a Committee consisting of the following (a) (b) (c) (d) (e) Chairman of the Board - Chairman Secretary to the Govt. - Member, of Assam, Agriculture Department Director of Agriculture, - Member Assam. Chief Engineer, Agriculture, - Member Assam. Chief Executive Officer - Member of the Board Secretary ; Provided further that the Board may appropriate any amount from and out of the Agricultural Development Fund for meeting any other expenses authorised under this section so as to meet any exigency without effecting the on going Schemes and items already approved by the Committee. u tiliz a tio n of