Amendment status not verified — confirm the current text below against the official source.
(I) There shall be two funds to be called respect- C ouncil f?·tively the General Council fund, meant for the Gene- n1d ancd Vi- ral_ Council and the Village Council Fund,I meant l age OU• C' b v·11 C ·1 . ncil Fund. 1or t e I age ~ ounc1 s. ~:.." . (2) Each fund as aforesaid shall be under sepa- rate Sub-Heads within the State Budget to be held for """• • ----- -- --- - -- • • M - - ·---- the purpose of' th.is Act, and all money:;, realised or reali'.'labk undc:r lhis Act, and all moneys other·· wise n~cciwd by the General Cou ncil or the Village Co-uncil, as the case may be, shall he credited lo its res- peclivr;; fund. (3) The Gownimcnt. :)hall prnvidc · fund~ to the General Counci! F1111d :ind Lhe Village Council Fund from the T ri bal Sub~Pl;tn and other res< urces in accor- dance with the appropriatG formulas to b1~ woiked oui: hl,:jping in mind the resources of the Gover nmenL priorities on dcvclo pmcllt worh in other areas .inclu, diug olhc1; tribal areas along with other relevant dl~c idin e factors. ·- (4) The foi!uwing sha1J be deposited to the Vil!a- g~ Council Fun<l : (a) Contributions,-:and grants received from th .· Government. (b) Co ntributions amt grants from the General Council. · (c) ;-\JI receip t'> nn dccount or donatinn, rates, . ' lees, Laxes, etc. (d) Ail other su1m; rec0.ived by o.r 011 bel-icilf of the.: Village Council. , .. (e) Lwd R~wn ue and iocal iaks. if J.nv. on land including Tea Garde1L whi ch - falls in the village Council Arca. (5) Tl:h:: aJ:ocJ.titHt made under tb ·se Sub-H.eads shall be in keeping with the gufrielines laid down by the Government pf India from 1 ime to time in tlie spiriL of the Con:::;titution of fndia.~j (6) Tlw Govcrnm1:nt ~ hall not divert the fund a lloc~·1ted under 1hc~c Sub-Heads ecxccpt in exjgen .. cies when tbcre i::i lllr1voidablc Ludget deficit. (7) All funds, a~ may be a llocated by t he Cen 4 tral Government or tbc Stare Government for tho General Cou11cii or the Village Council, as the case may be, s1mJ1 be assigned to It and sltall ·be credited . ---· --·--·-- -·----- ·- ·-·---~~~ ..... THE A.SSAM GAZETTE, EXTIU\UP.Di.NAll.V. OC T. 30. 199;) 16\)9 -- -·- - - ··· ·-·· .- - ... _. --- to lbc General Council Fund or the Villn g."" Coundl Fuud,~ n.'~ lhe case 1m1y be. (8) The Gcncr.:l Com:cil nr tl1l' Villaf!,C Council as 1hc ca1.;c mn1 bi· <;uhi,:c~ ro thr ~-1rov 1 s ions of einy. 1:1w 1dali 1 i~; tc,·rh.; r~i:-.1r 1_t' ur loans' by local au ~ thori11,·s m1y rn.1·-w w11h 1h< approval of tbr' Governmenr loans for the pt1rno:-:r<; of 1 h1 .1\c1, ancl c1 ..::.He a sink- ing foud for 'the. rC'payrncnt of "iUch Joan. (9) The money credited to the G c:ncrn! Cou ncil Fund 01 lhc- Villap1' Counci l Fund shn !1 be appli- ed for tlw payment or all c; urns, charges 2nd costs ne- cessary for canyinp ou1 lhe purposes of this Act. (10) No p~1ymcn{ r.; halJ be nndc OU[ of the General Cu 1111cil F\tlld or. th<· ~.,,'ill:i~rc Cou ncil F1ll1d unless ·s 11ch cx pcnditun· is cuwrl'd l~v ,1 cu1 rent budget g1 ant: Provided that t.hc Gene-ml Council or the Village Comwil, ns Ow va<;c nrny he, m;1y make pnymcnts in tt:· m ~. of JL:foudofdcpo ~:ihh\', ("'onlracto1s or for ur- gent works undcrL1k,·i1 in :111 ,: mcrgency or when re-- quind by th1.: Govcrnm•,·;1t in 1k ii tcrcst oC Ille pub- hc or under the dccrc1· ur order l>'. :1 civil or critninnl court :u.J:a:n~;i 1Jw r; ·n(;r:tl Cu dncil or the Village Council 'IS 1111· c:is(· ni<'_V hr·., and for such otbe1 cnscs ns may bL: presci ;',,.cl: Prnvidc<l foul.her 11l<1l Sll<.:li c· xpcm ditu1\~ sha ll be repor- ted to the Gc11eral Council or th<.: Village Council, as the case may be, for taki:!:' such action under the pro- visions of this Acr, as rna.i appear to it to be fea- sible for covering t.hv <mHn:111 of such r nyments. (1 l) Surpl us money~· st:111ding :11 llw crvd1t of the General Council or thv Vil !ngc Counc!I , as the case 1nay Ix·, at the end of the l::;innncial Yem , shall bc.' ir1v(:st d in accordanco.: with '~ucJ1 bye-bw ~ as may be made b/ tbC" General Co uncil, in tbis b .. ~h llf : -"'--'-·~=""'""'-- 1610 THE ASSAM GAZETTE, EXTRAORDINARY oCT. 30, 1995 Audit Budget. ------ Provided that no funds standing at the the General Council or the Village Council, as may be, shall be lapsed but shall be carried the budget of the next financial years. credit of the case over to (12) The General Council shall make bye-laws for the management of the General Council Fund and the Village Council Fund and for the procedure to be followed in respect of payment of money into the said funds, withdrawal of moneys therefrom, the cus- tody to the moneys therein and any other matter inci- dental thereto or connected therewith. (13) The accounts of the .General Couneil and the Village Council shall be kept in such form and manner as may be prescribed in consultation with the Accountant General, Assam.