Amendment status not verified — confirm the current text below against the official source.
In section 78 of the principal Act, for sub-sections (2), (3) and (4), the following sub-sections shall be substituted, namely:— “(2) (a) No sale, gift or exchange of any land or any other immovable property belonging to the municipality shall be made by the council: Provided that where any municipal land or any other immovable property is required by the Central or State Government or any Central or State Public Sector Undertaking for any public purpose, the council may permit the sale, gift or exchange of such land or building. Amendment of section 78. (b) No such sale, gift or exchange of land or any other immovable property belonging to the municipality shall be made without the sanction of the Government. (c) Such sale, gift or exchange of immovable property under this sub-section shall be made at such rate as may be specified by the Government. (3) The council may grant licence, lease or rent out the land or buildings belonging to it for use and occupation for a period not exceeding,— (i) three years to the general public for non-commercial purpose; (ii) nine years to the Central or State Government Departments, Public Sector Undertakings or statutory bodies owned or controlled by the Central or State Government; (iii) twelve years, in the case of commercial shopping complexes: Provided that no such licence, lease or rent out shall be granted for a period exceeding three years at a time; 110 TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY (iv) twenty years, in the case of agricultural land for agricultural purpose: Provided that the Government may, in special and extraordinary circumstances, allow the council to sanction long lease beyond the period prescribed in this sub-section for the following bonafide public purposes, namely:— (i) Educational purpose; (ii) Medical purpose; (iii) Charitable purpose; (iv) Social welfare activities; (v) Minority welfare activities. (4) After the completion of the period prescribed in sub-section (3), no extension or renewal of lease, licence or rent out shall be permitted and any application for the same shall be considered afresh in accordance with the provisions of this Act. (5) (a) Licence fee, lease rent or rent shall be paid,— (i) for the first year, at the time of handing over of land or building; and (ii) for every subsequent year, before the 28th day of February of the previous year: Provided that for renting of shops in shopping complexes or public markets, the collection of rent shall be made every month; (b) A penal interest at the rate of twelve per cent simple interest shall be levied for licence fee, lease rent or rent that is not paid within the prescribed date when it is due. (c) The licence fee, lease rent or rent shall be enhanced every year by five per cent during the duration of the licence or lease. Amendment of section 82.