Amendment status not verified — confirm the current text below against the official source.
Powers of the Authority.- (1) The Authority shall have power generally to do anything in the area extent as specified in the Schedule that in its opinion is necessary to do to give effect to the intent and provisions of this Act. (2) Without prejudice to the generality of sub-section (1), the Authority shall have power to,- (i) enter into and perform all such contracts as it may consider necessary or expedient for carrying out any of the purposes of this Act and every contract shall be made on behalf of the Authority by the Commissioner of the Authority: Provided that, no contract involving expenditure of rupees fifty lakhs and more shall be made without the prior sanction of the State Government. (ii) raise finance, with the previous sanction of the State Government and subject to such conditions as may be stipulated by the State Government, for any plan or project or scheme for the development and to extend assistance to the local authorities in the Region for the execution of such plan, project or scheme; (iii) prepare development plan of the Scheduled area; (iv) formulate as many schemes as are necessary for implementing the development plan; (v) secure and co-ordinate execution of the development plan, town planning schemes and the development in accordance with the said plan and schemes; (vi) do such other acts and things as may be entrusted by the State Government or as may be necessary for or incidental or conducive to, any matters which are necessary for furtherance of the objects for which the Authority is constituted; (vii) co-ordinate the activities of the local authorities and the Urban Development authority, if any, constituted under the Karnataka Urban Development Authorities Act, 1987 (Karnataka Act 34 of 1987) exercising jurisdiction within the limits of the Scheduled Area and the Karnataka Urban water Supply and Sewerage Board, the Karnataka Power Transmission Corporation, the Karnataka Industrial Areas Development Board, the Karnataka State Road Transport Corporation and such other bodies as are connected with developmental activities in the Scheduled Area; (viii) supervise and review the progress of expenditure incurred under the plan and performance of various development departments and local authorities with reference to the plan; (ix) perform such other functions as may be prescribed.