Amendment status not verified — confirm the current text below against the official source.
Constitution of the municipal fund.— 1[Subject to the provisions of sections 2[119A, 119B], 120, 120A and 460Z] all moneys received by or on behalf of the Corporation under the provisions of this Act or any other enactment at the time in force, or under any contract:— all proceeds or the disposal of property by, or on behalf of, the corporation, all rents accuring from any property of the corporation, all moneys raised by any tax, levied for the purposes of this Act, all fees and fines payable and levied under this Act or under any rule, regulation or by-law in force thereunder 3[other than fines imposed by a court], 4[the balance, after all necessary contingent expenses have been defrayed, of all fees] for licences for public conveyances granted by the Police Commissioner under 5[the Bombay Police Conveyances Act, 1920 (Bom. VII of 1920)], 6[the balance, after all necessary contingent expenses have been defrayed, of all fees for licences for the playing of music in streets and public places granted under paragraph (ii) of clause (f) of section 22 of the City of Bombay Police Act, 1902 (Bom. IV of 1902)], 7[* * * * * *] all moneys received by or on behalf of the corporation 8[from any Government] or private individuals by way of grant or gift or deposit, and all interest and profits arising from any investment of, or from any transaction in connection with any money, belonging to the corporation, 9[including loans advanced under section 354W, 10[354WA or 354 WB] ], shall be credited to a fund, which shall be called “the municipal fund” and which shall be held by the corporation in trust for the purposes of this Act, subject to the provisions herein contained. 11[* * * * * *] 12[111A. Annual grant by State Government from proceeds of entertainments duty.— The State Government may, under appropriation duly made in this behalf, make a grant to the Corporation every year of such amount as it may, from time to time, determine, having regard to the proceeds of the entertainments duty levied and collected by it in 13[Brihan Mumbai] under the Bombay Entertainments Duty Act, 1923 (Bom. I of 1923). The grant shall be made in such manner and shall be subject to such terms and conditions, as the State Government may, from time to time, determine. All moneys received by the Corporation by way of such grant shall be credited to the municipal fund:] 14[Provided that it shall be competent for the State Government to deduct— (a) from the grants made by the State Government, or 1 This portion was inserted by Bom. 48 of 1948, s. 21. 2 These figures and letters were inserted by Mah. 34 of 1973, s. 8. 3 These words were inserted by the Adaptation of Indian Laws Order in Council. 4 These words were substituted for the words “all fees” by Bom. 3 of 1907, s. 16(a). 5 These words and figures were substituted for the original by Bom. 76 of 1948, s. 15. 6 This clause was inserted by Bom. 3 of 1907, s. 16(b). 7 The words, figures, letter and brackets “the balance, after all expenses referred to in sub-section (3) of section 513A have been defrayed of all fines levied by any magistrate in respect of any offence against the provisions of this Act, or of any regulation or by-law made under this Act” were omitted by the Adaptation of Indian Laws Order in Council. 8 The words “from any Government” were substituted for the words “from Government” by the Adaptation of Indian Laws Order in Council. 9 These words, figures and letters were inserted by Bom. 13 of 1933, s. 28. 10 These figures, letters and word were inserted by Bom. 34 of 1954, s. 4. 11 The proviso was deleted by Bom. 48 of 1948, s. 21. 12 Section 111A was inserted by Mah. 63 of 1975, s. 3. 13 These words were substituted for the words “Greater Bombay” by Mah. 25 of 1996, s. 2, Schedule. 14 These provisos were added by Mah. 41 of 1994, s. 39. 1888 : III] The Mumbai Municipal Corporation Act 165 (b) from any sum representing the grant-in-aid or the share of the Corporation in the net proceeds of the taxes, duties, tolls and fees levied by the State Government on the recommendations of the Finance Commission, any amount which is due to the State Government, or to any Government, Corporation, Government Company or any other statutory authority constituted by the Government of Maharashtra: Provided further that, before making such deductions, the Corporation’s say in the matter shall be considered by the Government].