Vidhi Codex

Bare Act

The Uttarakhand Investment and Infrastructure (Development and Regulation) Act, 2023

Infrastructure202357 sections

This Act establishes a legal framework to promote investment and infrastructure development throughout the entire state of Uttarakhand. It regulates private participation in projects by creating a Board and an Authority to oversee the selection of concessionaires, the granting of concessions, and the collection of necessary fees. The legislation matters because it provides a structured process for developing assets and services, ensuring that projects are viable and economically beneficial while managing the financial incentives and regulatory oversight required for successful public-private partnerships.

Start reading →Read full ActSections
  1. 1. SHORT TITLE, EXTEND AND COMMENCEMENT
  2. 2. DEFINITIONS
  3. 3. PRIVATE PARTICIPATION
  4. 4. ESTABLISHMENT OF THE BOARD
  5. 5. VACANCIES NOT TO INVALIDATE PROCEEDINGS OF THE BOARD
  6. 6. FUNCTIONS AND POWERS OF THE BOARD
  7. 7. SECTORAL SUB-COMMITTEE AND PROJECT IMPLEMENTATION SUB-COMMITTEE
  8. 8. FINANCE, ACCOUNTS AND AUDIT OF THE BOARD
  9. 9. OFFICERS AND EMPLOYEES OF THE BOARD
  10. 10. POWERS OF THE BOARD TO MAKE BYE-LAWS
  11. 11. CONSTITUTION OF THE FUND
  12. 12. SOURCES OF THE FUND
  13. 13. DEVELOPMENT FUND UTILIZATION AND DISTRIBUTION
  14. 14. ESTABLISHMENT OF THE AUTHORITY
  15. 15. COMPOSITION OF THE AUTHORITY
  16. 16. Functions of the Authority
  17. 17. Authority to have powers of a civil court
  18. 18. Proceedings before the Authority shall be deemed to be judicial proceedings
  19. 19. Power of Authority to make regulations
  20. 20. Powers of Chairperson
  21. 21. Term of office and conditions of service of the Chairperson and other members
  22. 22. Removal and suspension of the Chairperson and member from office in certain circumstances
  23. 23. Meetings
  24. 24. Vacancies not to invalidate proceedings of the Authority
  25. 25. Officers and other employees of Authority
  26. 26. Finance, accounts and audit
  27. 28. Project identification and prioritization
  28. 29. Feasibility Report
  29. 30. Public bidding for the project
  30. 31. Pre-bid or pre-qualification stage
  31. 32. BIDDING STAGE
  32. 33. GRANT OF A CONCESSION
  33. 34. NEGOTIATI0NS OF CONTRACTS
  34. 35. DEVELOPMENT THROUGH SPECIAL PURPOSE VEHICLES
  35. 36. EXECUTION OF CONCESSION AGREEMENT
  36. 37. Tariff
  37. 38. Assignment
  38. 39. Feasibility and Viability of Finalised Projects and Granted Concessions
  39. 40. Termination of the Concession Agreement
  40. 41. Appeals from the Orders of Authority
  41. 42. Penalties for Contravention of Directions of Authority
  42. 43. Powers of State Government to Make Rules
  43. 44. Power to Issue Directions
  44. 45. Subsidy
  45. 46. Chairman, Vice Chairman, Members, Officials and Employees of the Authority and the Board Deemed to be Public Servants
  46. 47. Protection for Action Taken in Good Faith
  47. 48. Power to Remove Difficulties
  48. 49. Power to Amend the Schedule
  49. 50. Over-riding Effect on Other Laws
  50. 51. Bar of Jurisdiction of Civil Courts
  51. 52. Repeal and Savings
  52. 66. FURNISHING OF RETURNS TO THE LEGISLATIVE ASSEMBLY
  53. 67. ANNUAL REPORT
  54. 3 (3) to (10). PRIVATE PARTICIPATION
  55. SCHEDULE I. INFRASTRUCTURE SECTORS
  56. SCHEDULE II. MODEL CONTRACTS
  57. SCHEDULE III. FEE LEVIED BY UIIDB

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