Amendment status not verified — confirm the current text below against the official source.
( 1 ) The expenditure incurred by the Board for meeting the salaries and allowances including contingencies of the Chairperson, Member, Secretary and officers and employees serving under the Board shall be defrayed out of the Municipal Property Tax Board Fund constituted under section 16. ( 2 ) The expenditure towards contingencies for maintaining normal financial activities shall be met out of the aforesaid Fund.