Section 139, Uttar Pradesh Municipal…: Constitution of…

Section 139: Constitution of 1Corporation and other funds.

The Uttar Pradesh Municipal Corporation Act, 1959State Act of Uttar Pradesh · Act 2 of 1959

139.(1) There shall be established a Fund for each [Corporation], hereinafter called the [Corporation] Fund, and, subject to the provisions of this Act and the rules made thereunder, there shall be placed at the credit thereof all moneys received by or on behalf of the [Corporation] under this Act or any other law, or contract, including,--

(a) the proceeds of the property of the [Corporation] ;

(b) the rents of the property of the [Corporation] ;

(d) all moneys received by way of compensation or for compounding offences under the provisions of this Act ;

(e) all interest and profits arising from any investment of, or from any transaction in connection with, any money belonging to the [Corporation] ;

(f) all moneys received by or on behalf of the [Corporation], from the Government [including grants-in-aid from the Consolidated Fund of the State] or public bodies, private bodies or other persons by way of grant, gift or deposit, subject, however, to the conditions, if any, attached to such grant, gift or deposit.

(2) All moneys payable to the credit of the [Corporation] Fund shall be received by the 4113156[ (4) Twenty five per cent of the Development Fund constituted under sub-section (3) shall be non-lapsable and shall be earmarked and utilized to provide and promote services for the urban poor and the inhabitants of the slum areas.

Explanation :-- For the purposes of sub-section (4) "services" shall include basic environmental services, roads, primary education and health, housing, water supply, sanitation, social security and such like services. However, it shall not include establishment expenses (including salary and wages) not directly and specifically incurred for delivery of services.]

Where this provision sits

Act	The Uttar Pradesh Municipal Corporation Act, 1959
Section	139
Marginal note	Constitution of 1Corporation and other funds.
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

Act

The Uttar Pradesh Municipal Corporation Act, 1959

Section

139

Marginal note

Constitution of 1Corporation and other funds.

Jurisdiction

State of Uttar Pradesh

Status

In 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. Subs. by sec. 3 of U. P. Act no. 12 of 1994.
inserted. Ins. by sec. 58(f) of U. P. Act no. 12 of 1994.
substituted. Subs. by sec. 2 of U. P. Act no. 16 of 2004.
substituted. Subs. by sec. 15 (2) of U. P. Act no. 21 of 1964.
inserted. Ins. by sec. 4 of U. P. Act no. 22 of 1961.
inserted. Ins. by sec. 3 of U. P. Act no. 07 of 2011.

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