State Act

The Mumbai Municipal Corporation Act.

14[195F. Payment to be made to Corporation in lieu of education cess by State Government.— (1) With effect from the first day of April 1958 and in respect of the period during which the education cess is levied under section 195E, the State Government shall pay to the corporation annually, in lieu of the education cess from which buildings and lands vesting in the State Government are exempted by virtue of clause (b) of the proviso to sub-section (1) of section 195E (hereinafter in this section referred to as ‘the exempted buildings and lands’), a sum ascertained in the manner provided in sub-section (2). (2) The sum to be paid annually to the Corporation by the State Government shall be eight-tenths of the amount which would be, or would have been, payable by an ordinary owner of buildings or lands in 15[Brihan Mumbai] on account of the education cess, on a rateable values 16[or the capital values, as the case may be,] of the same amount as that fixed under sub-section (2) 1[or sub-section(2A)]of section 144 in respect of the exempted buildings and lands.]