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Section 25: Contribution of Government to Corporation Fund.

The Maharashtra Water Conservation Corporation Act, 2000.State Act of Maharashtra · Act 3 of 2001

(1) The State Government shall, by appropriation duly made in this behalf, from time to time, provide an aggregate [sum of Rs. 10,000 crore] to the Corporation Fund as its share of 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 twenty-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 Rs. 500 crore 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, establishment of the Corporation.

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

Where this provision sits

ActThe Maharashtra Water Conservation Corporation Act, 2000.
Section25
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. 14 of 2016. The words, letters and figures "sum of Rs. 2000 crore" were substituted by Mah. 14 of 2016, s. 2(a).
  • substituted, Mah. 14 of 2016. These words were substituted for the words "period of five years" by Mah. 14 of 2016, s. 2(b).

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