section 32
Market Committee Fund
The Tamil Nadu Specified Commodities Markets (Regulation of Location) Act, 1996Chapter IV POWERS AND DUTIES OF MARKET COMMITTM.
(1) All moneys received by a market committee shall be paid into a fund to be called the "Market Committee Fund". All expenditure incurred by the market committee under, or for the purposes of, this Act shall be defrayed out of the said fund; and any surplus remaining after such expenditure has been met shall be invested in such manner as may be prescribed. (2) (a) Every market committee shall, in addition to the amounts payable under sub-section (4) of section 29, out of the Market Committee Fund pay to the Government the cost of any special or additional staff employed by the Government in consultation with the market committee for giving effect to the provisions of this Act in the market area. (b) The Government shall determine the cost of special or additional staff and shall, where the staff is employed for the purposes of more than one market committee, apportion such cost among the market committees concerned in such manner as they think fit. The decision of the Government determining the amount payable by any market committee shall be final. (3) All amount received to the credit of the Market Committee Fund shall be kept or invested in such manner as may be prescribed.
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