section 60
Funds and finances of the Regional Development Authority
The Rajasthan Special Investment Regions Act, 2016General201684 sections14 chapters
Chapter XII Funds, Accounts and Audit
Statutory text
- (1) Subject to the provisions of this Act, a Regional Development Authority may create such funds for such purposes as it may determine from time to time, to which, shall be credited all moneys received by it, including, -
- (a) contribution to be made by the State Government in the first instance of a sum equivalent to rupees five crore towards a revolving fund to be established by every Regional Development Authority under this Act;
- (b) all moneys received from the Central Government, State Government, or any other person by way of grants, donations, loans, advances or otherwise;
- (c) all fees and user charges received by the Regional Development Authority under this Act; and
- (d) all moneys received by the Regional Development Authority towards lease, premium or cost of land and/or building.
- (2) The fund shall be applied towards meeting the expenses incurred by the Regional Development Authority in performing its functions and for administration of the provisions of this Act.
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