Section 34: Property and finances of the Block Development Council.
The Jammu and Kashmir Panchayati Raj Act, 1989Union territory Act of Jammu and Kashmir · Act 9 of 1989
(1) Block Development Council shall have the powers to acquire, hold or dispose of property and enter into a contract in accordance with the rules in force.
(2) For every Block Development Council, there shall be constituted a “Block Development Council Fund” comprising grants made by the [Government of the Union territory of Jammu and Kashmir] having due regard to the number of Panchayat Halqas in a Block and the revenues assigned by the District Planning and Development Board.
[(3) The Block Development Council shall have power to operate funds, grants, etc. specified in Schedule II-C in the manner prescribed.]