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Removal of difficulties STATEMENT OF OBJECTS AND REASONS ACT 37 OF 2010.- The Government of India had published a policy resolution for setting up of Information Technology Investment Regions (ITIRs) on 28th May 2008 to promote investment in the Information Technology / Information Technology Enabled Services / Electronic Hardware Manufacturing Units, which have proven to be significant economic growth engines. The policy resolution envisages the implementation of the ITIR project through a statute by the State Government wherever necessary. It is considered necessary to enact a legislation to provide for the following, namely:- (1) declaration of Information Technology Investment Regions; (2) infrastructure facilities to be provided by the State Government; (3) additional package of incentives for the development of ITIRs; (4) acquisition of land for ITIRs; (5) allotment of land by the Management Board; (6) constitution of the Management Board and its functions; (7) appointment of the Chief Executive Officer and his functions, powers and duties; (8) officers and staff of the Board; (9) constitution of State Level Empowered Committee and it functions; (10) Boards fund and its application, account and audit and annual report; (11) penalties etc.., Hence the Bill. [L.A.BILL NO.17 OF 2010, FILE NO.Samvyashae 4 Shasana 2010] [Entry 18 and 24 of List II of the Seventh Schedule to the Constitution of India.] - - - 3 KARNATAKA ACT NO 37 OF 2010 (First Published in the Karnataka Gazette Extra-ordinary on the thirty first day of July, 2010) THE KARNATAKA INFORMATION TECHNOLOGY INVESTMENT REGIONS ACT, 2010 (Received the assent of the Governor on the twenty ninth day of July, 2010) An Act to provide for the establishment of information technology investment regions in the State of Karnataka to promote investment and to augment exports and generate employment. Whereas it is expedient to promote investment, boost exports and generate employment in the information Technology (IT), information Technology enabled services (ITES), Electronic Hardware manufacturing (EHM) units in the State of Karnataka; Be it enacted by the Karnataka State Legislature in the sixty first year of the Republic of India as follows:- CHAPTER - I PRELIMINARY