( 1 ) A11 moneys credited to the Municipal Fund from time to time Application shall be applied for payment of all sums, charges and costs necessary for of Municipal carsying out the purposes of this Act and the rules and regulations made Fund.
thereunder or for payment of all sums payable out of the Municipal Fund under any other law for the time being in force.
(2) No payment of any sum shall normally be made out of the Municipal Fund unless such expenditure is covered by a current budget grant and as sufficient balance of such budget grant is available for this purpose.
(3) Whenever any sum is to be paid for the purposes not covered by the budget grant, the matter shall forthwith be brought before the Chairperson of Municipali ty who shall take such action under the provisions of this Act as may appear to it to be feasible and expedient for covering the amount of such payments.
87. Notwithstanding anything contained elsewhere in this Act, the State Exclusive use Government may require a Municipality to earmark a particular portion of of fund for a the Municipal Fund or a particular grant or a part thereof or any i tem of p a r t "la purpose. receipt under any head or any percentage thereof, or any share of tax receivable by the Municipality under any other law for the time being in force or any part thereof, to be utilised exclusively for any specified purpose, and i t shall be mandatory on the part of the Municipality to follow the same. The State Government may also formulate separate sets of rules for observance by different groups of Municipalities in this regard.
88. The State Government may, from time to time, give finacial assistance Financial to a Municipality with or without directions as to the manner in which the assistance sun1 shall be applied. from the State Government.