Amendment status not verified — confirm the current text below against the official source.
Subject to such terms and conditions as may be prescribed the Town and Country Development Authority may, with the prior sanction of the State Government, issue debentures or borrow money from Government **or other financial institutions of the open marked for all or any of the purposes of this Act. *As amended vide Himachal Pradesh Town and Country Planning (Amendment) Act, 1995 (Act No.7 of 1995). **As amended vide Himachal Pradesh Town and Country Planning (Amendment) Act, 1984 (Act No.1 of 1984). Fund of Town and Country Development Authority Annual Budget Power to borrow money 37 CHAPTER-VIII SPECIAL AREAS 66.(1)If any area, town or township, is designated as a special area in the regional plan or if the State Government is otherwise satisfied that it is expedient in the public interest that any area, town or township should be developed as a special area, it may, by notification, designate the area as a special area, which shall be known by such name as may be specified therein. (2) Such notification shall define the limits of special area. (3) The State Government may, by notification,- (a) alter the limits of the special area so as to include therein or exclude therefrom such area as may be specified in the notification. (b) declare that the special area shall cease to be so. (4) Notwithstanding anything contained in the Himachal Pradesh *Municipal Corporation, Act, 1994, the Himachal Pradesh Municipal Act, 1994 and the Himachal Pradesh Panchayati Raj Act, 1994 the Municipal Corporation, Municipal Council, Nagar Panchayat or a Gram Panchayat, as the case may be, shall, in relation to the special area and as from the date the Special Area Development Authority undertakes the functions under clause (v) or clause (vi) of section 70 cease to exercise the powers and perform the functions and duties which the Special Area Development Authority is competent to exercise and perform under this Act. **“67.(1)Every Special Area shall have Special Area Development Authority, which shall consist of – (a) Chairman; and (b) Such other members as the State Government may determine from time to time who shall be appointed by the State Government. (2) The State Government may, if consider expedient, appoint Vice Chairman or Chief Executive Officer or both, for any Special Area Development Authority. (3) The Chief Executive Officer shall be a whole time officer of the Authority who shall receive such salary and allowances, and shall be subject to such terms and conditions as may be determined by the State Government. (4) The Chairman, Vice-Chairman and members shall not be entitled to any salary but shall receive such allowances as may be prescribed. (5) The Chief Executive Officer shall exercise such powers and perform such duties as may be specified by regulations made by the Authority.” **“68.(1)Every Special Area Development Authority shall be a body corporate with perpetual succession and a common seal unless abolished and shall have power to acquire, hold and dispose of property, both moveable and immovable to contract and sue and be sued by the name specified in the notification under sub-section (2) of section-66. *As amended vide Himachal Pradesh Town and Country Planning (Amendment) Act, 2001 (Act No.15 of 2001). **As amended vide Himachal Pradesh Town and Country Planning (Amendment) Act, 2006 (Act No.22 of 2006). 12 of 1994 4 of 1994 13 of 1994 Special Area Development Authority Incorporation of Special Area Development Authority Constitution of Special Areas 38 (2) The State Government may, by notification in the Official Gazette, abolish the Special Area Development Authority constituted under section 67 of the Act from such date as may be specified therein and the said authority shall stand abolished accordingly. (3) On and with effect from the date of abolition of the Special Area Development Authority all properties, assets, liabilities, funds, dues and staff which are realizable and vested by the authority shall vest in or be realizable by such authority or corporation or agency, as the case may be as the State Government may deem fit.” 69.(1)Every Special Area Development Authority may appoint officers and servants as may be necessary and proper for the efficient discharge of its duties. Provided that no post shall be created save with the prior sanction of the State Government. (2) The State Government may make rules in respect of recruitment, qualification, appointment, scale of pay, leave allowance and other conditions of service of the officers and servants appointed under sub-section (1).