Subject to the provisions of any law for the time being in force, the Authority shall have the following powers, namely:—
(a) accept, acquire, hold, release, transfer or re-convey security, including security provided in a financing arrangement of any kind in any form, whatsoever;
(b) either to purchase or to take on lease, lease, hold, construct, manufacture, maintain, sell or dispose of any property, whatsoever, whether movable or immovable, or any part thereof required for, or in connection with, implementation of the objects and purposes of this Act;
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(c) raise fund or facilitate financing of all transport related investment schemes for the implementation of the projects, plans, schemes and proposals included in the Transport Investment Programme;
(d) execute all major transport projects proposed for or in the Urban Mobility Area by the Central Government or any State Government or any other agencies from the perspective of alignment with the Comprehensive Urban Mobility Plan or monitor all or any of them;
(e) recommend conditions for the issuance of permits or licenses for public transport services by the authorities concerned;
(f) monitor regularly and audit compliance with the Comprehensive Urban Mobility Plan and the Transport Investment Programme;
(g) recommend to the authorities concerned, the fees and charges for Urban Transport Ancillary Services and also to regulate fares for all urban transport;
(h) monitor use of Funds for urban transport activities and ensure audit of accounts and loans;
(1) ensure enforcement of regulations made under this Act;
(j) prepare appropriate performance related pay and service conditions for the employees of the Authority in consultation with the State Government;
(k) render advice or recommentations for building sustainable operational framework for Para Transit Systems included in Schedule II;
(1) such other powers as may be prescribed by rules.
CHAPTER V URBAN TRANSPORT FUND