section 16
Constitution of Board Fund.
The Maharashtra Municipal Property Tax Board Act, 2011Tax201131 sections6 chapters
Chapter IV FINANCE, ACCOUNTS AND AUDITS
Statutory text
- (1) There shall be constituted a Fund to be called "Municipal Property Tax Board Fund" and to which shall be credited,-
- (a) any Government grants and advances received and fees and charges, if any, levied under this Act or the rules made thereunder, and
- (b) all sums received by the Board from such other sources as may be decided upon by the State Government.
- (2) All moneys received by the Board shall be deposited in one or more nationalized banks.
- (3) The Fund shall be applied for meeting,-
- (a) the salaries, allowances and other remunerations of the Chairperson and the Members, officers and other employees of the Board,
- (b) other expenses of the Board in connection with the discharge of its functions and for the purposes of this Act.
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