99. Constitution of the Municipal Fund
The Municipal Fund
Save as otherwise provided in this Act,
all funds which immediately before the establishment of [[the Corporation]] vested in any body or local authority specified in the Second Schedule;
all moneys received by or on behalf of [[the Corporation]] under the provisions of this Act or of any other law for the time being in force, or under any contract;
all proceeds of the disposal of property by, or on behalf of, [[the Corporation]];
all rents accruing from any property of [[the Corporation]];
all moneys raised by any tax, rate or cess levied for the purposes of this Act;
all fees collected and all fines levied under this Act or under any rule, regulation or bye-law made thereunder;
all moneys received by or on behalf of [[the Corporation]] from the Government or any individual or association of individuals by way of grant or gift or deposit;
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all interests and profits arising from any investment of, or from any transaction in connection with, any money belonging to [[the Corporation]], including loans advanced under this Act; and
all moneys received by or on behalf of [[the Corporation]] from any other source whatsoever, shall form one Fund to be entitled the Municipal Fund of Delhi (hereinafter in this Act referred to as the Municipal Fund).
[(2) The Municipal Fund shall be held by [[the Corporation]] in trust for the purposes of this Act subject to the provisions herein contained and a General Account relating to all moneys received by or on behalf of [[the Corporation]] shall be maintained.]
Amendment notes (4)
- Subs w.e.f. 13-1-2012 . Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012).
- Subs w.e.f. 22-5-2022 . Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022).
- Omitted w.e.f. 1-10-1993 . Omitted by Act 67 of 1993, s. 72 (w.e.f. 1-10-1993).
- Subs w.e.f. 1-10-1993 . Subs. by s. 72, ibid., for sub-section (2) (w.e.f. 1-10-1993).