State Act

Jharkhand Panchayat Raj Act, 2001_English

Section 94 Panchayat Raj Fund - (1) At district level, a separate fund bearing the name of Panchayat Raj Fund shall be constituted and shall be operated in the manner as may be prescribed by the State Government. (2) Receipts (Proceeds) of the cess under section (93) or such other taxes under the Panchayat as may be specified by the State Government shall be deposited in the said Fund, after making deduction of such collection charges as may from time to time be determined by the State Government. (3) Receipts of additional stamp fees if any, shall at the first instance be deposited in the consolidated fund of the state in such a manner, as may be prescribed and the State Government may, at the commencement of every financial year, if such provision is made by appropriation (Bill) passed in this behalf by the Legislative Assembly, withdraw from the consolidated fund of the State such an amount which is equal to the receipts realised by the State Government in the preceding year. (4) Distribution of the amount amongst Panchayats - The consolidated amount in the Panchayat Raj Fund shall be distributed amongst the three-tier Panchayat in such manner and in such proportion as may be specified by the State Government.