Amendment status not verified — confirm the current text below against the official source.
The fund of the market committee shall be expended for the following purposes, namely:- (i) payment of interest on the loans that may be raised for the purposes of the market and the provisions of sinking fund in respect of such loans; (ii) the acquisition of a site or sites for the market; (iii)the maintenance and improvement of the market; (iv) the construction and repair of buildings necessary for the purposes of such market and for the persons using it; (v) pay, pensions, allowance, gratuities, compensations for injuries resulting from accidents while on duty and compassionate allowances of its employees and contribution towards leave salary and pensions of the officers and staff on deputation to the market committee; (vi) expenses connected with the collection dissemination of information regarding matters relating to crop statistics and marketing in respect of the agricultural produce; (vii) contribution to the Board under Section 28; and (viii) other expenses connected with the carrying out the purposes of this Act and the rules and bye-laws framed thereunder.