section 29
Income and Expenditure of the Samiti
The Orissa Panchayat Samiti Act, 1959Infrastructure195986 sections1 chapters
Statutory text
- (1) The sources of income of a Panchayat Samiti shall consist of-
- (i) funds relating to institutions and schemes transferred by the Government or Heads of Departments of the Government to the Panchayat Samiti;
- (ii) funds relating to the Community Development programme;
- (iii) Central and State aid and aid received from the All-India Bodies and Institutions for the development of cottage and village industries, khadi, silk, coir handicrafts and the like;
- (iv) donations and contributions received by the Samiti from Panchayats, or from the public in any form;
- (v) such share of the land revenue, State taxes or fees as may be prescribed;
- (vi) proceeds from taxes, surcharges or fees which the Samiti is empowered to levy under this Act or any other law;
- (vii) such contributions as the Samiti may levy from Grama Panchayats;
- (viii) income from endowments, trusts or other institutions administered by the Samiti and
- (ix) grants from any authorities, organisations or statutory bodies.
- (2) The expenses of the Samiti shall include the salaries and allowances of its employees, the travelling expenses incurred by the members of the Samiti for attending the meetings of the Samiti, any item of the expenditure directed by the Government for carrying out the purposes of this Act and such other expenses as may be necessary for such purposes.
- (3) All amounts levied and realised on account of fees by the Samiti shall be separately accounted for and utilised solely for the purposes for which such fees had been respectively levied.
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