The Chhattisgarh Growth and Stability Fund Act, 2025
The Chhattisgarh State Growth and Stability Fund Act, 2025
General202514 sections
This Act establishes the Chhattisgarh State Growth and Stability Fund to ensure long-term economic stability and fiscal sustainability of the state. The Fund receives contributions from minerals royalties and investment returns, and is used exclusively for capital expenditure, though partial withdrawals are permitted during significant revenue downturns. Managed by a specifically appointed Fund Manager following strict guidelines, the Fund operates separately from the state's Consolidated Fund, providing a dedicated financial cushion during economic downturns while supporting developmental needs through prudent investment strategies.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Constitution of the Fund
- 4. Objectives of the Fund
- 5. Custody of the Fund
- 6. Contributions to the Fund
- 7. Management of the Fund
- 8. Utilization of the Fund
- 9. Investment of the Fund
- 10. Monitoring and Reporting
- 11. Fund's investment activities, performance, and any significant changes in investment strategy.
- 12. The audit report shall be submitted to the State Legislature and made publicly available.
- 13. Power to remove difficulties
- 14. Repeal and Savings
PDF: pending for this language.