(1) All moneys received by a Committee shall be paid into a fund to be called the Market Committee Fund and all expenditure incurred by the Committee under or for the purposes of this Act shall be defrayed out of such fund, and any surplus remaining after such expenditure has been met shall be invested in such manner as may be prescribed.
(2) (a) Every Committee shall, out of its fund pay to the Board as contribution such percentage of its income derived from licence fee, market fee and penalities imposed and realized under this Act as is specified below to defray expenses of the office establishments of the Board and such other expenses incurred by it in the interest of the Committees generally and also pay to the State Government the cost of any special or additional staff employed by the State Government in consultation with the Committee for giving effect to the provisions of this Act in the notified market area-
(i) if the annual income of a Committee does not exceed Rs. 10,000 1[20 per centum]
(ii) if the annual income of Committee exceeds Rs. 10,000- on the first 10,000 1[20 per centum] on the next 5,000 or part thereof 1[25 per centum] on the remaining income 1[30 per centum]
(b) The State Government shall determine the cost of such special or additional staff and shall, where the staff is employed for the purposes of more Committees than one, apportion such cost among the Committees concerned in such manner as it thinks fit. The decision of the state Government determining the amount payable by any Committee shall be final.
28. Subject to the provisions of section 27, the Market Committee Funds shall be expended for the following purposes :
(i) acquisition of sites for the market;
(ii) maintenance and improvement of the market;
(iii) construction and repair of buildings which are necessary for the purposes of the market and for the health, convenience and safety of the persons using it;
Purposes for which the market Committee Funds may be expended.
1. Substituted by Haryana Act 21 1973.
No. 23 of 1961 The Punjab Agricultural Produce Markets Act, 1961
(iv) provision and maintenance of standard weights and measures;
(v) pay, leave allowances, gratuities, compassionate allowances for injuries and death resulting from accidents while on duty, medical aid, pension or provident fund of the persons employed by the Committee;
(vi) payment of interest on loans that may be raised for purposes of the market and the provisions of a sinking fund in respect of such loans;
(vii) collection and dissemination of information regarding all matters relating to crop statistics and marketing in respect of the agricultural produce concerned;
(viii) providing comforts and facilities, such as shelters, shade, parking accommodation and water for the persons drought cattle, vehicles and pack animals coming or being brought to the market or on construction or repair of approach roads 1[Link Roads] culverts, bridges and other such purposes;
(ix) expenses incurred in the maintenance of the offices and in auditing the accounts of the Committees;
(x) propaganda in favour of agricultural improvements and thrift:
(xi) production and betterment of agricultural Produce ;
(xii) meeting any legal expenses incurred by the Committee:
(xiii) imparting education in marketing or agriculture;
(xiv) payments of travelling and other allowances to the members and employees of the committee as prescribed;
(xv) loans and advances to the employees;
(xvi) expenses of and incidental to elections ; and
(xvii) with the previous sanction of the State Government, any purpose calculated to promote the national or public interest. ]