Amendment status not verified — confirm the current text below against the official source.
In section 76A of the principal Act or section Ac t^JoSv" (0 f o r sub-section (4), the following shall be of 1959. substituted, na mely:— “ (4) All sale proceeds of hats shall be depo sited in the Subdivisions! Ru ral Deve lopm ent Fund and distrib uted in the manner hereinafter provided after deducting the amount due. if any, as ann ual instalment for repaym ent of the loan with interest incurred by a Gaon or Anchalik Panchayat for the improvement of hat : — 0) if the balance of the sale proceeds of any hat after providing as aforesaid, for rep ayment of loan, if any, does not exceed rupees three tho usand, then the entire amount shall be made over to the Gaon Panchayat within whose jurisdiction the hat is situate j 11 (/«) if the balance of the sale procaeds of any hat after providing for repaym ent of loan, if any, as aforesaid exceeds rupees three thousand bu t does not exceed rupees ten thousand, then a sum of rupees three thousand shall go to the Gaon Panchayat within whose jurisdiction the hat is situate and the balance to the Anchalik Panchayat within whose jurisdiction the hat is situate ; (ti») if the balance of the sale proceeds of any hat after providing as aforesaid for repayme nt of loan, if any, exceeds rupees ten thousand, then a sum of rupees three thousand shall go to the Gaon Panchayat within whose jurisdic tion the hat is situate and a sum of rupees seven thousand shall go to the Anchalik Panchayat within whose jurisdiction the hat is situate and the balance shall go to a common pool ; (u>) five per cent of the common pool shall be kept for meeting the expenses of con ducting the sale of hats and one- third of the balance be distributed among all the Anchalik Panchayats and the remaining two-thirds among all the Gaon Panchayats within the area of the Mohkuma Parishad. The basis of distribution shall be area-«rwt- population in both the cases.” ; (2) for the punctua tion full stop "(. )” occurring at the end of sub-section (5), the punc tuation colon “ (;) ” shall be substituted and the following proviso shall be added thereafter, namely ‘’"Provided th at the Gaon or Anchalik Pancha yat which receives a loan for improve ment of a hat, shall continue to maintain and regulate the hat till the entire amount of loan with interest is repaid.” 25, R epeal an d savin g.— (1) Th e Assam Pan- Assam O rd h chayat (Amendment) Ordinance, 1964 is hereby nance No .I repealed. o f (2) Notwithstanding such repeal, anything do ne > or any action taken under the Assam Pa nchayat , (Am endment) Ordinance, 1964 shall be deemed to have been done or taken under this Act as if this Act had commenced on twenty second day of Janu ary, 1964 (the date of prom ulgation of the Ordinance). A G P (Leg) 27/64—7,612-16-7-64