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(1) In addition to the movable or immovable property acquired by a taluka pan chayat, the following shall vest in the taluka panchayat, namely:- (a) every road, building or other work constructed by a taluka panchayat out of the taluka fund with or without the Government assistance or people’s participation; (b) any land or property vesting in the State Government when transferred to a taluka panchayat by the State Government for local public purposes; (c) any land or property which vesting in any other panchayat when vested in the taluka panchayat by that panchayat for the purpose of this Act: