Constitution of the Commission

General202514 sections

Statutory text

(1) The Governor shall by notification in the Official Gazette constitute a body known as the Nagaland State Finance Commission to exercise such powers conferred on, and to perform the functions assigned to it under the Act and at the expiration of every fifth year from the date of its initial constitution under this Act, re-constitute the Commission.
(2) The Commission shall review the financial position of the Local Bodies and make recommendations as to: -
- (a) the principles which shall govern:-
  - (i) the distribution between the State and the Local Bodies of the net proceeds of taxes, duties, tolls and fees leviable by the State, wherever applicable;
  - (ii) the determination of taxes, duties, tolls and fees which may be assigned to by any law in force or orders, or appropriated by, the Local Bodies, wherever applicable;
  - (iii) the grants-in-aid to the Local Bodies from the Consolidated Fund of the State, wherever applicable;
- (b) the measures needed to improve the financial position of the Local Bodies;
- (c) any other matter referred to the Commission by the Governor in the interest of sound finances of the Local Bodies.

Study data processing for this section.

PDF: pending for this language.