The Madhya Pradesh Rajmarg Nidhi Adhiniyam, 2012
The Madhya Pradesh Rajmarg Nidhi Adhiniyam, 2012
General201212 sections
This Act establishes the Madhya Pradesh Highway Fund to manage financial resources for road development. It applies to the entire state and governs how funds are collected and used. The law allows the state to receive money from the central government, collect premiums from private concessionaires who build roads, and invest the capital. These funds are then utilized to provide financial assistance to these private companies and cover the initial development costs of constructing, maintaining, and operating highways and other infrastructure projects. It creates a dedicated financial framework to improve the state's road network.
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Establishment of Fund.
- 4. Utilization Fund
- 5. Constitution and composition of the Executive committee.
- 6. Powers and functions of the Executive Committee.
- 7. Powers and functions of the Member Secretary.
- 8. Accounts and audit.
- 9. Removal of difficulties.
- 10. Power to make rules.
- 11. Power to make regulations.
- 12. Successor of the fund.
PDF: pending for this language.