Market Committee Fund

General196945 sections

Statutory text

(1) All money received by a market committee shall be paid into a fund to be called the "Market Committee Fund". All expenditure incurred by the market committee under or for the purposes of this Act shall be defrayed out of the said fund, and any surplus remaining after such expenditure has been met, shall be invested in such manner as may be prescribed by rules. (2)
- (a) Every market committee shall, out of its fund, pay to the Board, 20 per cent of the moneys received by it on account of the Board office expenses and such other expenses incurred by it in the interest of the marketing committee generally and also pay to the Government the cost of any special or additional staff employed by the Government in consultation with the committee for giving effect to the provisions of this Act in the notified market area.
- (b) The Government shall determine the cost of such special or additional staff and where the staff is employed for the purposes of more market committees than one, apportion such cost among the committees concerned in such manner as it thinks fit.

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