Bare ActsThe MYSURU DEVELOPMENT AUTHORITY ACT, 2024

Section 47

Application of the Mysuru Development Authority Fund

Amendment status not verified — confirm the current text below against the official source.

Application of the Mysuru Development Authority Fund.- (1) The said fund shall be held by the Authority in trust and shall be applied by it, subject to the general or special orders of the Government, in payment of the charges incidental to the carrying out of the purposes of this Act including the cost of maintaining, keeping in repair, lighting and cleansing of streets and the cost of maintaining drainage and sanitary arrangement and water supply, under section 30. (2) Such charges shall include, among other things,- (a) the cost, if any, of maintaining a separate establishment for the collection of the rents and profits and other proceeds of the property vested or vesting in or acquired by the Authority under this Act; (b) the cost of petty and other establishments, not being part of the scheduled staff, necessary for the supervision of properties or other revenue purposes; (c) the cost of management including the salaries and allowances of the scheduled staff and all incidental expenses; and (d) all payments made by the Authority in respect of rates and taxes levied under the Karnataka Municipal Corporations Act, 1976 or the Karnataka Municipalities Act, 1964 or the Karnataka Gram Swaraj and Panchayat Raj Act, 1993 upon lands and buildings vested in the Authority and not subject to exemption. (e) the cost to be incurred for any recommendations of the Mysuru Heritage Building Protection Commission. (3) The Authority may also, from time to time, and in the specified manner, make advances from the said Fund for the purposes of enabling persons not being Government employees to provide themselves with houses or other accommodation.

Section 47 – The MYSURU DEVELOPMENT AUTHORITY ACT, 2024 | DailyLaw.ai