Amendment status not verified — confirm the current text below against the official source.
Limitation of powers of trust under section 49. - (1) The trust shall not take any action under sections 96, 97, 98, 99, 100, 101, 102, 132, 133, 134, 135, 136, 137, 138 or 139 of the Municipal Act without having previously consulted the municipal committee and obtained its consent, provided that if the said com- mittee does not give consent, the matter in dispute shall forthwith be referred to the 1[State] Government whose decision shall be final. (2) If the municipal committee deems it necessary that action should be takne within the trust area under sections 96; 97; 98; 99, 100, 101, 102, 132, 133, 134, 135; 136, 137, 138, or 139 of the Municipal Act, it shall make an application to the trust requiring that such action be taken, and the trust shall thereupon comply with the application, or give its reasons in writing for rejecting it, provided that if the application be rejected, the matter shall forthwith be referred to the 2[State] Government whose decision shall be final. Section 50-A 3 [50-A. Power to levy betterment contribution. - Where by the making of any scheme the value of any property has increased or is likely to increase, the trust shall be entitled to recover from the owner of such property an annual bet- terment contribution for such term of years and at such uniform percentage of the increase in value not exceeding ten per centum as may, subject to rules, be fixed in the scheme : Provided that the aggregate amount of the contribution so recovered shall not exceed one-half of the maximum increase in value during the aforesaid term of years as ascertained under this Act.] Section 50-B 4 [50-B. Principles for calculating betterment contribution. - The better- ment contribution shall be in respect of each property according to the following principles:- (a) its market value on the date of the publication of the notification sanc- tioning the scheme shall be estimated without reference to the improve- ments and development contemplated in the scheme; (b) for each financial year succeeding the year in which the scheme takes ef- fect, its market value on the first day of April of that year shall be ascer- tained by the chairman; (c) if, in any financial year, the market value estimated under clause (b) does not exceed that estimated under clause (a), no betterment contribution shall be levied for that year; (d) if, in any financial year, the estimated market value under clause (b) ex- ceeds that estimated under clause (a), the trust shall levy a betterment 28 The Punjab Town Improvement Act, 1922, Section 50