Vidhi Codex

Bare Act

The Punjab Finance Commission for Panchayats and Municipalities Act, 1994

Infrastructure199412 sections

This Act establishes the Punjab Finance Commission for Panchayats and Municipalities to review the financial health of local self-government bodies. It mandates the State Governor to form this commission every five years to recommend financial allocations and grants, ensuring that Panchayats and Municipalities have the necessary resources to function effectively. The legislation outlines the qualifications for the Chairman and Members, requiring them to have expertise in public affairs, economics, and finance. By formalizing the process for distributing state funds to local governments, the Act plays a crucial role in strengthening grassroots democracy and local administration in Punjab.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Definitions
  3. 3. Constitution of Finance Commission
  4. 4. Qualifications for appointment as Chairman and Members of Finance Commission
  5. 5. Persons having financial or other interests not to be appointed as Members of Finance Commission
  6. 6. Disqualifications for being member of Finance Commission
  7. 7. Term of office of Members
  8. 8. Conditions of service and salaries and allowances of Members
  9. 9. Functions of the Finance Commission
  10. 10. Powers and procedure of Finance Commission
  11. 11. Recommendations of Finance Commission and action to be taken between the State Legislature
  12. 12. Power to make rules

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