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Funds of authority are defined in which of the following sections of the Haryana Panchayati Raj Act, 1994?
  • a)
    ​Section 233
  • b)
    Section 234
  • c)
    Section 235
  • d)
    Section 236
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Funds of authority are defined in which of the following sections of t...
The correct answer is Section 233.
Key Points
  • Under section 233.
    • (1) The Authority shall have and maintain its fund to which shall be credited –
      • (a) all money received by the Authority from the Government and the Central Government by way of grants, loans, advances or otherwise.
      • (b) all money borrowed by the Authority, from sources other than the Government, by way of loans or debentures.
      • (c) all fees and fines received by the Authority.
      • (d) all fees, fines and remittance charged by any other authority for rural development.
      • (e) all money received by the Authority from the disposal of lands, buildings and other properties, movable and immovable.
      • (f) all money received by the Authority by way of rents and profits or in any other manner or from any other source.
    • (2) The fund shall be applied towards meeting-
      • (a) expenditure incurred in the administration of this Chapter.
      • (b) cost of acquisition of land for purposes of this Chapter.
      • (c) expenditure for the development of land.
      • (d) expenditure for such other purposes as the Government may direct or permit.
    • (3) The Authority shall keep its fund in any Scheduled Bank.
    • (4) The Authority may invest any portion of its fund in such securities or such other manner as may be prescribed.
    • (5) The income resulting from investments mentioned in sub-section (4) and proceeds of the sale of the same shall be credited to the fund of the Authority. 
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Funds of authority are defined in which of the following sections of the Haryana Panchayati Raj Act, 1994?a)​Section 233b)Section 234c)Section 235d)Section 236Correct answer is option 'A'. Can you explain this answer?
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