State Act
98
Section 98. Grants and Loans to 1[Mandal Panchayat]1.
THE KARNATAKA AGRICULTURAL PRODUCE MARKETING (REGULATION AND DEVELOPMENT) ACT, 1966
Act no. 27 of 19661966In forceKarnataka (State Act)
98. Grants and Loans to 1[Mandal Panchayat]1.- (1) The market committee shall pay annually to every 1[Mandal Panchayat]1 entrusted with powers and duties under section 97, a sum equal to seventy-five per cent of the licence fees collected from market functionaries operating exclusively in the area under the jurisdiction of such 1[Mandal Panchayat]1. (2) A market committee may give initial financial assistance by way of loan without interest to a 1[Mandal Panchayat]1 entrusted with powers and duties under section 97, repayable at such times and in such instalment as may be agreed upon between the market committee and the 1[Mandal Panchayat]1.