section 86
Municipal fund
The Daman and Diu Municipalities Regulation 1994Infrastructure1994314 sections
Statutory text
- (1) All moneys received by or on behalf of a qouncil by virtue of this Regulation or any other law for the time being in force, all taxes, fines and penalties paid to or levied by it under this Regulation, other than fines imposed by any Court, all proceeds of land or other property sold by the Council, and all rents accruing from its land or property, and all interest, profits and other moneys accruing by gift or transfer from the Government, or private individuals or otherwise, shall constitute the municipal fund, and shall be held and dealt with in a similar manner to the property specified in section 84 and section 93, respectively:\n\nProvided that---\n(a) nothing in this section or in section 84 shall in any way affect any obligation, accepted by or imposed upon any Council by any declarations of trust executed by or on behalf of such Council or by any scheme settled under the Charitable Endowments Act, 1891, for the administration of any trust, or by a trust of the nature specified in clause (b);\n(b) a Council may, subject to the condition that reasonable provision shall be made for the performance of all obligations imposed or that may be imposed on it by or under this Regulation or any other law for the time being in force, after crediting the necessary sums to the funds created under section 87, credit to a separate heading in the municipal accounts any portion of the municipal fund received or set apart by it specially for such purposes as the Director in this behalf approves, and the Council shall apply sums so credited exclusively to the special purposes for which such sums were received or set apart;\n(c) (i) every Council which levies a tax on pilgrims resorting periodically to a
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