Amendment status not verified — confirm the current text below against the official source.
Panchayat Samiti Fund.-- There shall be formed for a Panchayat Samiti a fund to be called the ‘Panchayat Samiti Fund’ and there shall be placed to the credit thereof-- (a) all proceeds of local rate allocated to the Panchayat Samiti by the State Government: (b) the proceeds of all taxes, cesses, Panchayat Samiti under this Act: (c) all funds allocated to the Panchayat Samiti and income arising from all sources of in come placed at its disposal: (d) all rents and profits accruing from property vested in or managed by the Panchayat Samiti: (e) all sums contributed to the Fund by the Central Government or any State Government or by any local authority including Gram Panchayat or any private person: (f) all sums received by the Panchayat Samiti in the discharge of functions exercised by it under this Act: (g) all sums paid by the State Government or Central Government for the implementation of Community Development Programmes; (h) all sums paid by the State Government to the Panchayat Samiti to meet expenses for the performance of agency functions: (i) the proceeds of all sources of income which the State Government may order to be placed at the authority of the Panchayat Samiti: duties and fees imposed by the Provided that the State Government may revoke any order made under this clause.