(1) This Act may be called the Punjab Urban Transport Fund Act,
2019.
(2) It shall come into force on and with effect from the date of its publication in the Official Gazette.
2. In this Act, unless the context otherwise requires,-
(a) “Chairperson” means the Chairperson of the Committee;
(b) “Company” means the Punjab Municipal Infrastructure Development Company under the control and supervision of the Department;
(c) “Committee” means the Punjab Urban Transport Fund Management Committee constituted under section 3 of this Act;
(d) “Department” means the Department of Local Government;
(e) “Fund” means the Punjab Urban Transport Fund constituted under section 7 of this Act;
PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 17, 2019 (BHDR 26, 1941 SAKA) 134
(f) “Member” means the member of the Committee;
(g) “prescribed” means prescribed by rules made under this Act;
(h) “SPV” means the special purpose vehicle to be set up by the State Government for the urban transport projects under this Act;
(i) “State Government” means the Government of the State of Punjab in the Department of Local Government;
(j) “transport” means the bus or vehicle or other related services provided by the State or community or Municipality or private partner for the public including motorized and non-motorized vehicle; and
(k) “urban area” means the areas of the city as defined in the Punjab Municipal Corporation Act, 1976.
3. There shall be constituted a Committee to be known as the Punjab Urban Transport Fund Management Committee consisting of the following members, namely:-
(1) the Chief Minister; Chairperson
(2) the Minister, Local Government; Vice-Chairperson
(3) the Chief Secretary to Government of Punjab; Member
(4) the Administrative Secretary to Government of Member Punjab, Department of Local Government;
(5) the Administrative Secretary to Government of Punjab, Member Department of Finance;
(6) the Administrative Secretary to Government of Punjab, Member Department of Transport;
(7) Joint Managing Director, Punjab Municipal Member-Secretary Infrastructure Development Company-cum-Chief Executive Officer, Punjab Municipal Infrastructure Development Company;
(8) State Transport Commissioner, Punjab; and Member
(9) Managing Director, Punjab Infrastructure Member Development Board-cum-Member Secretary, Punjab Bus Metro Society.
4. The Committee shall perform the following functions, namely:-
(1) to determine policies, programmes and priorities regarding public transport in urban area;
Constitution of Committee.
Functions of the Committee.
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(2) to monitor, evaluate and review the progress and proper utilization of funds;
(3) to make suggestions and recommendations regarding generation of resources to support urban transport system and augmentation and maintenance of quality services;
(4) to make decisions regarding raising of loans, floating of bonds and debentures and other resources for development of urban development services;
(5) to explore possibilities and encourage the outsourcing of urban transport;
(6) to work out modalities for funding the fund and to submit the same to the Government for approval;
(7) to allocate amounts from fund for urban transport activities; and
(8) any other functions which may be assigned by the Government.