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Section 31: Contribution of Government to Corporation Fund.

The Konkan Irrigation Development Corporation Act, 1997State Act of Maharashtra · Act 3 of 1998

(1) The State Government shall, by appropriation duly made in this behalf, from time to time, provide an aggregate sum of not less than rupees [428 crores] to the Corporation Fund, as its share of the capital required by the Corporation, for the performance of the functions of the Corporation under this Act and such contribution shall be paid in suitable installments spread over a period of five years from the date of establishment of the Corporation:

Provided that, the State Government shall, by appropriation duly made in this behalf initially contribute and pay a sum of rupees 28 crores to the Corporation Fund:

Provided further that, the contribution made by the Government shall be exclusive of the expenditure incurred by the Government for and in connection with the establishment of the Corporation.

(2) The capital provided by the State Government shall not carry any interest.

Where this provision sits

ActThe Konkan Irrigation Development Corporation Act, 1997
Section31
Marginal noteContribution of Government to Corporation 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. 31 of 2000. These figures and word were substituted for the figures and word "273 crores" by Mah. 31 of 2000, s. 3.

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