Amendment status not verified — confirm the current text below against the official source.
All payments incurred by the Board shall he defrayed out of the said fund. Contribution towards the Board. 67, Every Market Committee shall, out of its funds, pay to the Board as contribution such percentage of its income derived from licence fees and market fees as may be prescribed by the State Government by notification in the official gazette, subject to minimum of forty percent, to meet the expenses of establishment of the Board and expenses incurred in execution, of the functions assigned to the Board under this Act. Borrowing by issue of bonds or storks