Amendment status not verified — confirm the current text below against the official source.
Annual grants and contributwns .-(I) The Government shall, till 11uch time as they may determme, pay to th<' Board nn annual grant of such amount as may be fixed by the Government from timo to time. (2) The Corporation shall contribute to the Board on the first day of April every year a. sum equal to two per cent of 1ts gross annuc:1l revenue: Provided that the Corporation shall pay the contribution for the fmancial year 1960-61, on such date as may be fixed by Government by notification in that behalf. (3) The annual payment due from the Corporation under sub. sectien (2) shall be made in priority to all other payments due from it, except those referred to in section 15 7 of the Trivandrum City Munici- pal Act (Travancore Act IV of 1116).