Payment of amount

Subject to the provisions of section 32, the amount standing to the credit of the Market Committee Fund may be expended for all or any of the following purposes, namely :- (a) acquisition or requisitioning of any site or building or purchase of other assets for the market committee for carrying out the purposes for which it is established ; (b) establishment, maintenance and improvement of the markets and providing such facilities in the market as the Government may direct under section 18 ; (c) construction and repair of buildings necessary for the purposes of the market committee and for the health, convenience and safety of the persons working in the market; (d) provision and maintenance of standard weights and measures ; (e) payment of amount to the Government under sub-section (4) of section 29 ; (f) payment of amount under sub-section (6) of section 42 ; (g) payment of interest on loans that may be raised by the market committee for carrying out the purposes for which it is established and the provision of a sinking fund in respect of such loans ; (h) collection and dissemination of information regarding all matters relating to statistics and market intelligence within the markets in respect of the specified commodities ; (i) payment of premium on the insurance policies of the properties of the market committee.