Bare ActsThe MAHARASHTRA WATER CONSERVATION CORPORATION ACT, 2000.

Section 25

Contribution of Government to Corporation Fund.

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

( 1 ) The State Government shall, by appropriation duly made in this behalf, from time to time, provide an aggregate 1 [sum of Rs. 10,000 crore] to the Corporation Fund as its share of capital required by the Corporation for the performance of the functions of the Corporation under this Act and such contribution shall be paid in suitable installments spread over a 2 [period of twenty-five years] from the date of establishment of the Corporation: Provided that, the State Government shall, by appropriation duly made in this behalf, initially contribute and pay a sum of Rs. 500 crore to the Corporation Fund : Provided further that, the contribution made by the Government shall be exclusive of the expenditure incurred by the Government for and in connection with, establishment of the Corporation. ( 2 ) The capital provided by the State Government shall not carry any interest.

Section 25 – The MAHARASHTRA WATER CONSERVATION CORPORATION ACT, 2000. | DailyLaw.ai