Vidhi Codex

The Maharashtra Krishna Valley Development Corporation Act, 1996

The Maharashtra Krishna Valley Development Corporation Act, 1996

General199671 sections7 chapters

This Act establishes the Maharashtra Krishna Valley Development Corporation to manage water resources, irrigation schemes, and hydroelectric power projects within the Krishna River Valley of Maharashtra. It applies directly to state departments, public employees, and developmental projects in this specified geographical region. By transferring public assets, liabilities, and irrigation staff from the state government to this newly formed corporate body, the law effectively streamlines regional water management and infrastructure execution. This legislation matters because it enables more efficient agricultural irrigation, flood control, and power generation, which directly enhances the economic growth and water security of the region's overall local population.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title, extent and commencement.
  2. 2Definitions.

Chapter II ESTABLISHMENT, CONDUCT OF BUSINESS AND EMPLOYEES OF THE CORPORATION →

  1. 3Establishment of Maharashtra Krishna Valley Development Corporation.
  2. 4Constitution of Corporation.
  3. 5Executive Committee.
  4. 6Disqualifications for membership and removal of members.
  5. 7Meetings of Corporation.
  6. 8Constitution of committees.
  7. 9Provision for inviting officers of Government and local authority.
  8. 10Filling up of casual vacancy of member.
  9. 11Act not to be invalidated by vacancy, informality, etc.
  10. 12Officers and servants of Corporation.
  11. 13Disqualification of all officers and staff.
  12. 14Authentication of orders etc. of the Corporation.

Chapter III VESTING OF PROPERTY, ASSETS, LIABILITIES AND OBLIGATIONS AND TRANSFER OF EMPLOYEES →

  1. 15Vesting and transfer of property to the Corporation.
  2. 16Decision of State Government on vesting of property to be final.
  3. 17Power of State Government to depute certain Government employees to Corporation.

Chapter IV FUNCTIONS AND POWERS OF CORPORATION →

  1. 18Function of Corporation.
  2. 19General powers of the Corporation.
  3. 20Water changes for supply of water for irrigation, industrial and domestic purposes.
  4. 21Responsibility of Corporation for payment of interest on borrowed money.
  5. 22Prohibition of construction of dam, bandhara, weir etc. except with approval of Corporation.
  6. 23Co-ordination with other authorities to minimise inconvenience caused by submergence.
  7. 24Power to be exercised by Corporation under the Maharashtra Irrigation Act, 1976.
  8. 25Power of State Government to issue directions.

Chapter V ACQUISITION OF LAND →

  1. 26Power to acquire land for purposes of this Act.
  2. 27Transfer of Government lands to Corporation.
  3. 28Powers of Corporation to dispose of land, etc.

Chapter VI FINANCE, ACCOUNTS AND AUDIT →

  1. 29Application of Corporation’s assets, etc.
  2. 30Fund of Corporation.
  3. 31Contribution of Government to Corporation Fund.
  4. 32Grants, subventions, loans and advances to Corporation.
  5. 33Power of Corporation to borrow.
  6. 34Acceptance of deposits by Corporation.
  7. 35Power to spend.
  8. 36Expenditure on objects other than, irrigation and powers Projects.
  9. 37Allocation of expenditure chargeable to project on main objects.
  10. 38Reserve and other funds.
  11. 39Submission of budget to Corporation.
  12. 40Sanction of budget estimates.
  13. 41Government as Guarantor.
  14. 42Disposal of profits and deficits.
  15. 43Interest charges and other expenses to be added to and receipts taken for reduction of capital cost.
  16. 44Depreciation Fund.
  17. 45Apportionment of betterment charge levied by State Government.
  18. 46Financial Statement and programme of work.
  19. 47Accounts and Audit.
  20. 48Concurrent and special audit of accounts.

Chapter VII MISCELLANEOUS AND SUPPLEMENTARY PROVISIONS →

  1. 49Furnishing of annual reports and accounts returns etc.
  2. 50Rehabilitation and resettlement of the project affected persons.
  3. 51Execution of contracts etc.
  4. 52General penalty.
  5. 53Power of entry.
  6. 54Dues to be recovered an arrears of land revenue.
  7. 55Service of notice etc.
  8. 56Public notice how to be made known.
  9. 57Notice period for performance.
  10. 58Default in performance of duty.
  11. 59Offences by companies.
  12. 60Authority for prosecution.
  13. 61Compounding of offences by Corporation.
  14. 62Penalty for obstruction.
  15. 63Delegation of powers of Corporation.
  16. 64Protection of action taken in good faith.
  17. 65Chairman, Vice-Chairman, Executive Director, Members and Officers, etc., to be public servants.
  18. 66Effect of provisions inconsistent with other laws.
  19. 67Power to make rules.
  20. 68Power to make regulations.
  21. 69Power to remove doubts and difficulties.
  22. 70Dissolution of Corporation.
  23. 71Repeal of Mah. Ord. III of 1996 and Saving.

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