Purposes for which market committee fund shall be expended

The fund of the market committee shall be expended for the following purposes, namely :- (i) maintenance and improvement of the market; (ii) construction and repair of buildings necessary for the purposes of such market and for the health convenience and safety of the persons using it; (iii) pay, pensions, allowances, gratuities, compensations for injuries resulting from accidents during duty and compassionate allowances of its employees and payment of honorarium to president, vice-president and members of the market committee and travelling allowance payable to them for attending the meeting; (iv) expenses connected with the collection and dissemination of information regarding matters relating to crop statistics and marketing in respect of the agricultural produce; (v) contribution to the Board under section 26; (vi) acquisition of a site for the market; (vii) payment of interest on the loans that may be raised for the purpose of the market and the provisions of sinking fund in respect of such fund; (viii) other expenses connected with the carrying out the purposes of this Act and the rules and bye-laws made thereunder.