Amendment of section 86

Amendment of section 86.—In section 86 of the principal Act,—

1. (i) in sub-section (1),—

1. (a) for the expression "the Panchayat Samiti", the expression "the Mandal Praja Parishad" shall be substituted;
2. (b) for the expression "the Panchayat Samiti fund", the expression "the Mandal Praja Parishad fund" shall be substituted;
   • (ii) for sub-section (2), the following shall be substituted, namely:— "(2) The Mandal Praja Parishad fund shall be vested in the Mandal Praja Parishad and the amount standing to the credit of the fund shall be kept in any Government treasury or in any bank approved by the Government."