Amendment status not verified — confirm the current text below against the official source.
Substituted by Act No.33 of 2007 and further substituted by Act No.24 of 2017. Common Good Fund. 86 [Act No. 30 of 1987] 72[(iii) Construction of new temples and Kalyana mandapams.] Provided that the amount to be utilized for the purpose mentioned in item (ii) in any year shall not be less than, twenty per centum of the receipts to the said fund during the preceeding year. (c) The Common Good Fund created under item (ii) of clause (a) shall be utilized for the renovation, preservation and maintenance of other charitable institutions or endowments and for the promotion and propagation of purposes and objects connected therewith. (2) The Commissioner, may on direction from the Government, transfer to the Common Good Fund, any surplus or such portion thereof as may be specified in the direction, remaining in the Endowments Administration Fund after repayment of the amounts specified in sub- section (3) of section 69. (3) The Commissioner shall issue a notice demanding the payment of contribution payable towards Common Good Fund basing on the provisions made in the Budget estimate of each institution or endowment in the manner prescribed. 73[(4) Government may on a request submitted in this regard by the Commissioner, or otherwise, provide such grant-in-aid to the Common Good Fund created under sub- clause (i) of clause (a) of sub-section (1) as may be necessary, from time to time, to achieve the objectives of the fund.]