Amendment status not verified — confirm the current text below against the official source.
(1} There shall he placed io llie credil of ilie Municipal Fund in Atuiium *'lc ®"S,CL' Services Accouni— (a) the amount of-[property lax! realised from bus Ices-, (b) such amount not less lhan rupees fifty lakhs in each year as may be transferred hy llic Corporalion from the General Account; and (c) the amount received from lhe Stale Governmcni under sub-section (2), (2) The Slate Government shall in each year give Lo ihe Corporalion a sum nol less lhan double the amount transferred by lhc Corporation from llie General Accouni forcredii to the iiiwfi' Services Account under clause (b) of sub-seelion (I). (3) The money credited lo the Municipal Fund in the Busree Services Account shall, subjeel io lhc regulations made in ihis behalf, be applied for ihe purposes of maintaining and providing civic services io bus ices. Explanation.—"Civic services" for Ihe purpose of ihis sub-section shall mean all services referred lo in this Acl. 'See liHit-uolc 2 on page 571, ante. - Sec loo*, in>'ic .! on pr-rc 633- The Kolkaict Municipal Corporation Acl. 1980. 634 LIX of 1980.] Application or Municipal Fund. Expenditure on physical assets outside ! [Kolkata], Commercial Projecis Account. Solid Wasic Account. (Part III.—Finance.—- Chapter Vlll.—The Municipal Fund—Sections 123. 123A, 124 & 125.)