Amendment status not verified — confirm the current text below against the official source.
The Finance Commission shall review the financial position of the Panchayats and Municipalities and make recommendations to the Governor— (A) inthe case of Panchayats as to— (a) the principles which shall govern— (i) the distcibution betweza the State and the Panchayats of the net procesds ofthe taxes, duties, tolls and fees leviable by the State, which may be divided between them and the allocation between the Panchayats at all levels of their respective shares of such proceeds ; (ii) the determination of the taxes, duties, tolls and fees which may be assigned to, or appropriated by the Panchayats ; and (iti) the grants-in-aid to the Panchayats from the Consoli- dated Fund of the State ; (b) the measures needed to improve the financial position of the Panchayats ; and (¢) any other matter referred to the Finance Commission by the Governor in the interests of sound finance of the Panchayats ; (B) in respect of Municipalities as to— (¢) the principles which shall govern— (i) the distribution between the State and the Municipalities of the net proceeds of the taxes, duties, tolls and fees leviable by the State, which may be divided between them under this Act and the allocation between the Municipalities at all levels of their respective shares of such proceeds ; ’ Term of office of Mcmbers. Conditions of service and salaries and allowances of Members. Functions of the Finance Co me= mission. RawmttendatiuN Stale Legislaturz. ules. UNAOV UNZ,NLA) ArL , 1994 ooted d ofhe Nate : popit y thc Mnleipalities frou the () o0e e0ded (o improvo Iho mncial position (it) Nmmoning nd onlorcing tho () egjuiring the produotion of any () amy othor ntter rofored to the Finance Commission by (he owomor in he mterost of sond nance of the Muniepalitie., Toes 0 The lanwo (ommiaion slhall detormine its proccdurc in the |oemanco ot' it umwtions and shall have al! (ho powers of a civil attendanco of witnesses document : and (e) toquisitioning auy public rocord from any court or office. SS 59 LR () Govt. I'ress, UT, Chd, 11, The Governor slall cuse every recommendation made by the Financo Commission undor this Aet together with xplanatory memoran dum as (o the action taken theroon to be laid belore the Legislature of the Salc,