Amendment status not verified — confirm the current text below against the official source.
In house Consultant(s) of the IDA - to be nominated by the MD. MD may reconstitute the above committee or add/delete members. Chapter II FUND FLOW ARRANGEMENT 2.1 Funds of the Authority The funds of the Authority shall consist of the following: • Grants received from the Government of India. • Grants-in-Aid from the State Government. • Funds by the Govt Departments for carrying out specific projects under Plan and Non plan heads. • Grants and donations from trade, industry, institutions and individuals. • Receipts from disposal of assets. • Receipts from User charges, concession/consultancy fee etc • Interest earned from Deposits. • Fee and penalties levied and realised. • Income on management of Assets. • Income on execution of projects for Govt Deptts, Govt agencies, Local Authorities of the State(s) or Central Government or any other projects entrusted or obtained through Competitive Bidding process or Negotiation. The Authority shall be allowed to charge a handling fee (Establishment Cost) not exceeding @ 5%of project cost from such agencies/Govt Deptt as may be decided by the MD. Chapter III - ROLE OF IDA The IDA may, with regard to any PPP Project • Work as a Consultant • Render Advisory Assistance • Approve Projects • Execute Projects undertaken through IDA. IDA may lay down regulations with regard to procedures, user charges, penalties etc in relation to PPP Projects. (Annexure B to Schedule I) 5 • Chapter-IV FINANCIAL POWERS AND ACQUISITION/DISPOSAL OF LAND, BUILDINGS ETC