Amendment status not verified — confirm the current text below against the official source.
Municipal area Development Fund.—(1) There shall be constituted a fund called the Municipal Area Development Fund in each Urban Local Body to which the moneys received from the slum dwellers under this Act shall be credited and in addition to the same, the following receipts may also be credited to the said fund, namely:— (a) contributions from the State and Central Governments, if any; (b) contributions from organisations, philanthropists, individuals and Non-Government Organisations; and (c) the Government may notify any other sources of funding including the Corporate Social Responsibility (CSR) funding. (2) The constitution and administration of the fund shall be in such manner, as may be prescribed.