Amendment status not verified — confirm the current text below against the official source.
The Municipal Fund (1) Save as otherwise provided in this Act, (a) all funds which immediately before the establishment of 1 [ 2 [the Corporation]] vested in any body or local authority specified in the Second Schedule; (b) all moneys received by or on behalf of 1 [ 2 [the Corporation]] under the provisions of this Act or of any other law for the time being in force, or under any contract; (c) all proceeds of the disposal of property by, or on behalf of, 1 [ 2 [the Corporation]]; (d) all rents accruing from any property of 1 [ 2 [the Corporation]]; (e) all moneys raised by any tax, rate or cess levied for the purposes of this Act; (f) all fees collected and all fines levied under this Act or under any rule, regulation or bye-law made thereunder; (g) all moneys received by or on behalf of 1 [ 2 [the Corporation]] from the Government or any individual or association of individuals by way of grant or gift or deposit; 3 * * * * * (i) all interests and profits arising from any investment of, or from any transaction in connection with, any money belonging to 1 [ 2 [the Corporation]], including loans advanced under this Act; and (j) all moneys received by or on behalf of 1 [ 2 [the Corporation]] from any other source whatsoever, shall form one Fund to be entitled the Municipal Fund of Delhi (hereinafter in this Act referred to as the Municipal Fund). 4 [(2) The Municipal Fund shall be held by 1 [ 2 [the Corporation]] in trust for the purposes of this Act subject to the provisions herein contained and a General Account relating to all moneys received by or on behalf of 1 [ 2 [the Corporation]] shall be maintained.]