Credit of money to municipal fund.

1. (1) Subject to the provisions of this Act, there shall be credited to the municipal fund—
   • (a) all moneys received by or on behalf of the Corporation under the provisions of this Act or of any other law for the time being in force or under any contract;
   • (b) the balance standing to the credit of and whatever accrues or deemed to accrue

or due or receivable by the Panaji Municipality and Village Panchayats for panchayat areas in Schedule I on the day of commencement of this Act;

1. (c) all proceeds of the disposal of property by or on behalf of, the Corporation;
2. (d) all rents accruing from any property of the Corporation;
3. (e) all moneys raised by any tax levied for the purposes of this Act;
4. (f) all fees payable and levied under this Act;
5. (g) all moneys received by way of compensation or for compounding offences under the provisions of this Act;
6. (h) all moneys received by, or on behalf of, the Corporation from the State Government or private individuals by way of grant or gift or deposits; and
   • (i) all interest and profits arising from any investment of, or from any transaction in connection with, any money belonging to the Corporation.