Levy of cess

(1) Notwithstanding anything contrary contained in any other law for the time being in force there shall be levied a cess at a rate one percent of the project cost for carrying out the purposes of this Act. (2) The Cess levied under this section shall be collected in the manner as prescribed, by the Department concerned and agencies on the construction cost of Roads, Bridges, Flyovers, Road over Bridges/Road under Bridges (ROB’s/RUB’s) etc. undertaken by PWD, Mandi Board, Punjab Infrastructure Development Board, Punjab Roads and Bridges Development Board out of the state or its own resources. (2-A) There shall also be levied a cess under this section on the civil works to be executed by the Greater Mohali Area Development Authority and the works of the Punjab Water Supply and Sewerage Board, Department of Irrigation that is related to Irrigation, Drainage, Flood Management Programme and works of the Punjab State Tubewell Corporation and Ranjit Sagar Dam Project, Shahpur Kandi. (3) It shall also be levied on all buildings costing more than Rs. 15 Crores constructed by the agencies of the State out of their own or State resources. (4) The proceeds of the cess levied under the sub-section (1), shall be credited by the agencies concerned directly into the consolidated fund of the State, within fifteen days of its collection under intimation to the Department of Cultural Affairs, Archaeology and Museums, Punjab. (5) The cess so collected thereof shall be released by the State Government from under the Plan Scheme, to be created afresh, to the Board, periodically for application of the Funds.