Amendment status not verified — confirm the current text below against the official source.
I The proceeds oithe cess levled under seclion 4 shall lirst be credited to the Conso idated Fund ol Sil(kirn an.l lhe Stale Governrnent may, il the Slale Lcgislalurc by apprcprialk)n rrrarle by Iaw in lhis betrall so pro- vides,creditsuch proceeds lo llr e iuJ'ld Irom tirne to time a lter deducting the expense oI colleclion, lor IJe]ng utilized exclusively for lhe purpose ol lhrs acl. The Slate Governmeni may, aller dire appropriation made by the State Legislature by law in lhls betrall, credit in the lund, by way ol grants or loalls such surrs ol nloitey as tlte Slale Government may consider Granls and loans by State Govern- ntcnl. Utilisfllion ol Fund. l\.,1aintena ce of accounls, Adrriristratiotl of Iund. Necessary. B. Thc fufird slrnll bc ul ized lori (a) tlre creallon, develop te l, tainlena ce or irnprovemenl ol lrans- pori inlraslruclure, including roads, brldges and flyoversi (ll) llre irrlproverneIlol trallic ol)erations alld road salelyi (c) the purposes ol such otller proiecls as rnay be prescribed. CHAPTER . V Mnrragcmcnt oI llic Fund Tlre Slale Governllrent sltall Ilainlai proper aocou ls and olher relevanl lecordS insucll iorrtr and in sUclt rita ner, as t1lay be prescribed. -Il)e Stalc Governnteltl slla I a(irnlnislcr llle lund arrcj lake such decisions regardlng inveslrnent in projecis oi traosl)ort inlrastruclure, trallic opera- tion and road saletv as it conslders nc.tsssa.v 10 The Second Sclledule on "no,,"", ," lii"ri;;,l,;llil ,,_ o",, , r* 1 . ln lhe Siklirn Sates Tax Act, j 9B3 ( {r r, a'rer rre *"a, .[.r1", "L"i ";;]]"^:':: "."' l"':""d ro as e said Acr), in secton 2, in ctause c.argcd as "u".'"u,uL" ,,,j".,,," .a,;i."o.t" casJr d'scou'rl" lhe words and ligures "q1 66y sLrn s.ra r be i,)serled. kitr 1r3f5pq'1 lr'lrasl'uclure Development l-und Acl, 2004., 2 ln Ure said Acl, in s_oclion 6. lor I ivoLls,"l,rr/ccsso,rarirr""r."|."l:r.".;j'l"lllJl a'rv.irooos o'cj4ss ot goods may be laxed,,, l,.re I gooos as lpplicabte, nra/ be realized", shall be substjlLled. CHAPTER . VI Mlscclloneous ( l) 'l lre State Coven I r.er lt r nay, by nolillcatlon, make rules ,or car ry_ rng out the purposes ol Ihis Act 12) l:::lli"i,1' ",,q *,,1,"uI prejudico to rhe eenerat[y or rh s roreso- rng powers, such rules may provide lor al, or any oI lhe mal;rs which under any provisions ol lhis Act are required 1o be pre- scribed, or to be providecl lor, by rules. The Slkkim Sales Tax Acl, 19BS shall be amended in lhe manner specilied in lhe Second Schedule to this Act. Tashi Wangdt, SSJS Legal Flernernbrancer-cum-secrelary Law. (Flte t,to. t 6(82) LD/97-2004 Porvcr lo nrake rulos. 1t. Arrrendnleht ol Sikkim Sates Tax Act, 1983.