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Section 86: Mumbai Building Repairs and Reconstruction Fund.

The Maharashtra Housing and Area Development Act, 1976.State Act of Maharashtra · Act 28 of 1977

86. [Mumbai Building Repairs and Re-construction Fund].- (1) The proceeds of the cess collected and paid to the State Government by the [Mumbai Corporation] in pursuance of the provisions of the last preceding section shall first be credited to the consolidated Fund of the State; and, after deducting the rebate payable to the [Mumbai Corporation] for the cost of collection, the amount shall, under appropriation duly made by law in this behalf, be transferred to the fund of the Authority. There shall, however, be created a separate fund called [the Mumbai Building and Reconstruction Fund] (in this Chapter referred to as "the Repairs Fund") and the amount so transferred to the fund of the Authority shall be withdrawn therefrom and transferred to such Repairs Fund.

(2) The amount transferred to the Repairs Fund under sub-section (1) shall be charged on the Consolidated Fund of the State.

(3) The amount in the Repairs Fund shall be placed by the Authority at the disposal of the Board for being expended for the purposes of this Chapter. The State Government may make rules regulating all matters connected with the Repairs Fund, including the manner in which that Fund shall be maintained, operated and expended.

Where this provision sits

ActThe Maharashtra Housing and Area Development Act, 1976.
Section86
Marginal noteMumbai Building Repairs and Reconstruction Fund.
JurisdictionState of Maharashtra
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Mah. 25 of 1996. These words were substituted for the Original by Mah. 25 of 1996, s. 2, Sch.
  • substituted, Mah. 25 of 1996. These words were substituted for the Original by Mah. 25 of 1996, s. 2, Sch.
  • substituted, Mah. 25 of 1996. These words were substituted for the Original by Mah. 25 of 1996, s. 2, Sch.
  • substituted, Mah. 25 of 1996. These words were substituted for the words "the Bombay Building Repairs and Reconstruction Fund" by Mah. 25 of 1996, s. 2, Sch.

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