Amendment status not verified — confirm the current text below against the official source.
Marketing Development Fund (1) All receipts of the Board shall be credited into a fund to be called the Marketing Development Fund. (2) 4[All expenditure incurred by the Board shall be defrayed out of such fund which 1 Added vide Punjab Act No.7 of 1981 passed on by the licensee to the next purchaser of the concerned agricultural produce, it shall be presumed unless proved otherwise that such burden was so passed on by the licensee. 2 Substituted vide The Punjab Agricultural Produce Markets (Second Amendment) Act, 2017 Punjab Act No. 17 of 2017 dated 14.8.17. 3 Inserted vide G.O.I.S.O. 3021 dated 18th July 1969. 4 substituted vide Punjab Act of 13 of 1979. 24 shall be operated upon in such manner as may be prescribed]. 1["25- A Price Stabilization Fund (1) The State Government may by notification levy Agricultural Produce Stabilization Fee on the commission paid to a licensed commission agent on sale, purchase or both, of agricultural produce in the market yards declared under sections 7 to 7-F of this Act, at such rate, as may be notified by the Government from time to time. (2) All receipts under sub-section(1) shall be credited into a fund to be called the Price Stabilization Fund and the account of said Fund shall be maintained separately, which shall not be utilized for the purpose other than it is made for."]