Amendment status not verified — confirm the current text below against the official source.
Preparation of developmental plan, its approval and execution.- (1) The Authority shall, as soon as may be, after its constitution prepare a plan for the development of the area into an International Exhibition and Interactive centre which caters to industry segments such as Engineering, Automobile, Wood and Craft, IT and BT and an Information Hub through public-private partnership model. (2) The Development plan may include,- (a) proposals for acquiring land by acquisition or purchase, exchange or otherwise, which in the opinion of the authority is necessary for execution of the development plan; (b) putting up public parks, horticultural or zoological gardens, fountain gardens, artificial water-falls, game parks, lakes with boating or other water games or such other tourist attractions; (c) construction of necessary chain of shops or shopping complexes; (d) providing drainage, electricity and water supply and sanitation; (e) forming open spaces for the better ventilation of the area comprised in the authority or in any adjoining area; (f) the construction and reconstruction of buildings, their maintenance and preservation; (g) providing facilities for communication and transport; and (h) preparing and sanctioning permission to the Private Public Partnership model: Provided that, no such model involving expenditure of rupees ten crores or more shall be made without the previous sanction of the State Government. (2) The development plan prepared under sub-section (1) shall be forwarded by the Deputy Commissioner to the State Government for its approval. The State Government may approve the plan with or without any modifications. (3) After approval of the development plan under sub-section (1), the State Government may, on the recommendations of the Authority make such modifications to the plan as it deems necessary, from time to time. (4) The Authority shall have power to undertake works and incur expenditure for execution of development plans approved by the State Government under this Act and shall be complied with all the provisions under the Karnataka Transparency in Public Procurements Act, 1999 (Karnataka Act 29 of 2000) and other allied Acts.