Amendment of Section 15

In Section 15 of the Principal Act, (a) the first paragraph under the sub-heading ‘Village Council Fund’ shall be numbered as sub-section (1) as follows :- “15(1) Village Council Fund - There shall be formed for every Village Council a fund to be called “Village Council Fund”. Any collection authorised by law other than District revenue and taxes made in a village for the good of the people shall be paid into the said Fund. The President shall be the treasurer of the fund and the list of the collection shall be kept by the Secretary. This account shall be opened for inspection by any subscriber to the collection”. (b) After sub-section (1), a new sub-section (2) shall be added which shall be followed by the existing proviso, as follows :- “(2) Power to collect Property Tax - The Village Councils are empowered to collect property tax within their respective jurisdictions on such items, and at such rates, as may be determined by the State Government from time to time. Provided that Village Council may appoint a Treasurer from amongst the members who shall keep developmental grants and other fund exclusive of a collection authorised by law, and maintain the accounts thereof which will be liable to inspection by the Village Council in its sitting and by an official authorised to do so by the Government”.