The Sikkim Earthquake Rehabilitation Management Fund Act, 2013
The Sikkim Earthquake Rehabilitation Management Fund Act, 2013
The Sikkim Earthquake Rehabilitation Management Fund Act, 2013 establishes a dedicated state fund to support disaster relief, restoration, and reconstruction efforts following earthquakes in Sikkim. It levies a cess ranging between one and two percent on the value of public and private work contracts executed within the state. Government authorities and private entities awarding these contracts are required to deduct this cess at source and deposit it into the fund. Governed by the Sikkim state government, the fund ensures dedicated financial resources for rebuilding damaged infrastructure and providing emergency assistance, ensuring long-term resilience against seismic events across the region.
- 1. Short title extent and commencement
- 2. Definitions
- 3. Cess Authorities
- 4. Incidence and levy of cess, rate of cess and payment of cess.
- 5. Authority to collect cess
- 6. Sikkim Earthquake Rehabilitation and Management Fund
- 7. Crediting of cess to the fund
- 8. Grants and loans by State Government
- 9. Utilisation of fund
- 10. Maintenance of Accounts
- 11. Administration of Fund
- 12. Power to make rules
PDF: pending for this language.