Establishment of Uttarakhand power development Fund

General200311 sections

Statutory text

(1) With effect from such date as the state Government may, by notification in the official Gazette, appoint in this behalf, there shall be established for the purpose of this Act, a Fund to be called the “Uttarakhand Power Development Fund” (2) The Fund shall be under the control of the State Government and there shall be credited thereto— (a) any sums of money paid under section 4 of section 5; (b) the sums, if any, realized by the State Government in carrying out its functions or in the administration of this Act; (c) Any fund provided by the State Government for the development of Hydro Power Projects, development of electricity evacuation system and extension of Transmission system etc. by the State Government or its agency. (3) The balance to the credit of the fund shall not lapse at the end of the financial year.

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