Village Panchayat Fund

Village Panchayat Fund. —

1. (1) All moneys received by the Village Panchayat shall constitute a fund which shall be called the "Village Panchayat Fund".
2. (2) The Village Panchayat Fund shall be applied subject to the provisions of this Act and general or special orders of the Government, for the purposes of this Act within the limits of the Village Panchayat area.
3. (3) The Village Panchayat Fund shall include—
   • (a) all taxes, cesses, fees and other income of the Village Panchayat;
   • (b) all contributions received from the Government, the Panchayat Union Council, or any other local authority;
   • (c) all sums received as loan or grant from the Government;
   • (d) all income derived from any trust or endowment managed by the Village Panchayat;
   • (e) all fines and penalties imposed under this Act, or any rule, bye-law or regulation made thereunder;
   • (f) all other sums received by the Village Panchayat whether in the course of the performance of its functions or otherwise.