Amendment status not verified — confirm the current text below against the official source.
1[(1) The following shall contribute to the Fund, namely: - (a) a percentage of the amount realised from the bidders by way of auction or sale 2[or allotment over and above the auction price or sale price or allotment price, as the case may be,] of immovable properties including Optimum Utilization of Vacant Government Lands (OUVGL) properties by the Government, semi-Government agencies, Urban Local Bodies, Improvement Trusts and 1 Existing Provision of Section 6, Re-numbered as sub-section (1), Punjab Act No.8 of 2015, Section 2 2 Inserted by Punjab Act No.8 of 2015, Section 2 Purposes for which the Fund may be used. Contribution to the Fund. Constitution of Fund. Panchayati Raj Institutions, 1 [as notified by the Government from time to time in each case]; (b) a percentage of the revenues realised by the societies and trusts, set up by the departments of the State Government excluding the grants-in-aid received by such societies and trusts from the State or Central Government, 2[as notified by the Government from time to time in each case]; (c) grants-in-aid or contributions received from Punjab Government or the State PSUs/Boards/Corporations/Apex Co-operative, Urban Local Bodies, Improvement Trusts and Panchayati Raj Institutions at their option, 4[as notified by the Government from time to time in each case]; (d) a percentage of Funds collected through the infrastructural development projects of the projects having a worth of more than 3 [Rupees fifteen crores], such as the construction of the roads, bridges and flyovers taken up by the agencies like Public Works Department, Mandi Board, Punjab Infrastructure Development Board and the Punjab Roads and Bridges Development Board or through the State Funding; (e) surcharge on any tax or cess, as may be 4[notified by the Government from time to time]; and 1 Substituted for words “as prescribed in each case” by Punjab Act No.8 of 2015, Section 2 2Substituted for words “as prescribed in each case” by Punjab Act No.8 of 2015, Section 2 3 Substituted for words “rupees fifty crores” by Punjab Act No.55 of 2013, Section 2 4 Substituted for word “prescribed” by Punjab Act No.8 of 2015, Section 2 (f) such other contributions as may be 1 [notified by the Government] from time to time. 2[(2) The Government, other departments of the State Government and agencies mentioned in clauses (a) to (d) and to be notified under clauses (e) and (f) shall be the nodal departments/agencies for collecting the amount so notified and depositing the same in the fund.]