Amendment status not verified — confirm the current text below against the official source.
Bach local authorities or local bodies concerned or, as the case may be, shall be responsible for the Implementation of the Sub-Regional Plan/Master l'lan in c;onfonnity with the State Capital Reglon Author1ty Regional Plan. CHAPTER·Vl FINANCE, ACCOUNTS AND AUDIT ?1. (l) There shall be a fund for .the Metropolitan Authorlty to be called "Assam State Capital Region Development Fund• to whlcb shall be credited all moneys received by theAuthorlty, including, - (a) the contribution to be made by the State Government of a sum of not less than Rs 100 crore (Rupees one hundred crores) towards a revolvtng fund to be established by the Authority, tn such instalments, as the State Government may determJne ln accordance with the schemes included In the State Plan and under appropriation duly made in this behalf, whlch contribution shall be utilized by the Authortty for such planned development as the State Government may, from time to time, approve; (b) such other moneys as may be paid to the Authority by the State Government; (c) such moneys as may be paid to the Authority by the Central Government or any other authority or agency; THEASSAIV1 GAZETTE, EXTRAORDINARY, OCTOBER30, 2017 4709 ( d) the sums placed at its disposal by the State Government from out the proceeds of any cess levied under this Act; ( e) the proceeds of any betterment charge levied under this Act; (f) all fees, costs and charges received by the Authortty under this Act ?r any other law for the time being ln force; (g) all money received by the Authority from the disposal of lands, buildings and other properties, moveable and immoveable, and other transactions; (h) all moneys borrowed by the Authority; (I) aJI money recelved by the Authority by way of rents and profits or in any other manner from any other source. (2) The State Government shall, every year, make a grant to the Authority of a sum equivalent to the administrative expenses of the Authority till the Authority Is able to meet its administrative expenses out of its own sources; (3)The Authority may k~p in current or deposit account with the State Bank of India or with any Scheduled Barik as defined tn the Reserve Bank of India Act, 1934, Central Act No 2 of 1934; Central Act No. 10 of 19-4-9 which holds a license issued by the Reserve Bank of India under section 22 of the Banking regulation Act, 1949, or With any other bank approved by the State Government In this b~half, such sum of money out of Its Fund as may be prescrtbed, and any money tn excess of the satd sum shall be invested ln such manner as may be approved by the State Government. Cenat.I AoJ. No.2 ofl9)4 ~llCI No. lo of 1949 ( 4) Such accounts sh-all be operated upon by such officers of the Authority as may be authorized by it by regulation made in this behalf. Leans