Bare Act
The Bombay State Scarcity Relief Fund Act, 1958
General195810 sections
This Act establishes the Maharashtra State Scarcity Relief Fund, a dedicated financial reserve designed to manage and mitigate the impact of natural disasters like droughts and floods. It consolidates various pre-existing famine relief funds into a single, unified state-level mechanism. The Act mandates how this money is invested, how it is utilized for relief efforts—such as providing loans to farmers or funding remedial measures—and how the state government must replenish the fund if it falls below required levels. For the ordinary citizen, this legislation ensures that the government maintains a ready financial buffer to respond quickly when natural calamities strike.
- 0. Preamble
- 1. Short title and extent
- 2. Definitions
- 3. Establishment and maintenance of the Fund
- 4. Transfer of securities held under Bom. XIX of 1936, C. P. & Berar III of 1937 and Sau. XIV of
- 4A. Transfer of securities, etc., on or after 1st May
- 5. Purposes for which the Fund may be utilised
- 6. Investment and reinvestment of amounts not required for use immediately
- 7. Accounts and making up of the deficiency in the Fund
- 8. Repeal and saving
PDF: pending for this language.