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Budget and Market Committee Fund |
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Preparation and sanction of budget |
(1) Every Market Committee shall prepare and pass the
budget of its income and expenditure for the ensuing year in prescribed
form and shall submit it to the Director/Member Secretary for sanction
before the prescribed date every year.
The Director or Member Secretary shall sanction the budget with or
without modification within two months from the date of receipt thereof.
If the budget is not returned by the Director/Member Secretary
within two months, it shall be presumed to have been sanctioned. |
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(2)The market committee may sanction and cause to
undertake execution of construction works out of its fund other than the
permanent fund referred to in sub-section (6) of this section on the basis
of the plans and designs approved by the market committee, in such manner
as may be prescribed by the Board. |
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(3) No expenditure shall be incurred by a market
committee on any item if there is no provision in the sanctioned budget
thereof unless it can be met by re-appropriation from saving under any
other head. The sanction for re-appropriation may be obtained from the
Director or Member Secretary; however, in case of
re-appropriation from minor heads under one major head, sanction
for re-appropriation will not be required, |
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(4) A market committee
may, at any time during
the year for which any budget has been sanctioned, cause a revised or
supplementary budget to be passed and sanction in the same manner as if it
were an original budget. |
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(5) The market committee shall make provision in its
budget for crediting the amount into the permanent fund at the rate of
twenty percent of its gross receipt comprising of license fee and market
fee and to the pension fund as prescribed from time to time by the
Director/Member Secretary. No
expenditure from the permanent fund shall be incurred except with the
prior approval or as per direction given by the Director or Member
Secretary. No expenditure
from this fund or from the amount as provided under sub-section (2) of
section 58 shall be proposed in the budget referred to in sub-section (1). |
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(6) The Director/Member Secretary of the Board while
according sanction for construction work may at his discretion, direct
that the execution of the works shall be entrusted to the Public Works
Department of the State Government or Marketing Board or any other agency
authorized by the Board for this purpose. |
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Market Committee Fund |
(1) Save as provided in sub-section (2) all moneys
received by a market committee shall be paid into a fund to be called the
“Market Committee Fund” and all expenditure incurred by the market
committee under or for the purposes of this Act shall be defrayed out of
the said fund. Any surplus
remaining with the market committee after such expenditure has been met,
shall be invested in such manner as may be prescribed. |
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(2) Any money received by the market committee by way
of arbitration fee or as
security for costs in arbitration proceedings relating to disputes or any
money received by the committee by way
of security deposit, contribution to provident fund or for payment in
respect of any notified agricultural produce, or
charges payable to weigh men and other functionaries and such other
money received by the |
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(3) Save
as otherwise provided in this Act, the amount to the credit of the Market
Committee Fund and also other money received by the Market Committee shall
be kept in a scheduled cooperative bank or in a nationalized bank or in a
post office saving bank or in any other mode with the approval of the
Director or Member Secretary. |
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Application of Market Committee Fund |
Subject to the provisions of section 58 the
Market Committee Fund may be expended for the following purposes
only, namely: (i) the acquisition
of a site or sites for the market; (ii) establishment, maintenance and improvement of
market yard; (iii) the construction
and repairs of building necessary for the
purpose of the market yard and for convenience or safety of the
persons using the market
yard; (iv) the maintenance of standard weights and
measures; (v) The maintenance of establishment charges
including payment and contribution towards provident fund, pension and
gratuity of the officers and servants employed by a market committee. (vi) loans and advance to the employment of the
market committee; (vii) the
payment of interest on the loans that may be raised for the purpose of the
market and provisions of sinking fund in respect of such loans; (viii) the collection and dissemination of
information relating to crop statistics and marketing of agricultural
produce; (ix) expenses incurred in auditing the account of the
market committee; (x) payment
of honorarium and traveling allowance of Chairman and other members
of the market committee and sitting
fees payable to members for attending meetings; (xi) contributions to State Agricultural Marketing
Board as prescribed; (xii) contributions to any scheme for development of
agricultural marketing
including transport; (xiii) to provide facilities like grading,
standardization and quality
certification services and communication
to agriculturist in the market area; (xiv) to
provide for development of agricultural produce in the market area; (xv) incurring of all expenses on research, extension
and training in marketing of agricultural produce; (xvi) prevention, in conjunction with other agencies,
State, Central and others of distress sale
of agricultural
produce; (xvii) fostering
cooperative marketing and assisting cooperative
marketing societies in the procurement and
organization of profitable disposal of produce particularly the
produce belonging to small
and marginal farmers; (xviii)
to create and promote on its own or through public-private
partnership infrastructure of post harvest handling of agricultural
produce, cold storages, pre-cooling facilities pack houses and all
such infrastructure to develop modern market
systems; and (xix) Any other purpose
connected with the marketing of agricultural produce under this Act
whereon the expenditure of the Market Committee Fund is in the public
interest subject to the prior sanction of the Director/Member Secretary. |