Amendment status not verified — confirm the current text below against the official source.
(1) A Municipality desirous of transferring a municipal property in accordance with the provisions of this Act shall pass a resolution to this effect: Provided that no such resolution of a Municipality shall be valid unless it is approved by at least two third of the total elected members of the Municipality. (2) Every resolution of the Municipality passed under sub-section (1) Agreement for transfer of municipal properties. Payment of rent. Identification and notification of municipal property to be transfered. Resolution of the Municipality. PUNJAB GOVT. GAZ. (EXTRA), APRIL 1, 2020 (CHTR 12, 1942 SAKA) 71 shall be sent to the Government for approval. (3) The Government may, upon receipt of a resolution of the Municipality under sub-section (2), accord its approval or disapproval, for reasons, to be recorded in writing: Provided that the Government shall convey its approval or disapproval within sixty days of the receipt of such a resolution from a Municipality, failing which the resolution shall be deemed to have been approved.