Section 86Constitution of Development Fund

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Section 86: Constitution of Development Fund

86. Constitution of Development Fund

(1)

There shall be a Fund constituted by the State Government to be called the Development Fund, to be utilised for—

(a)

meeting emergency preparedness;

(b)

meeting containment of pollution caused by discharge of oil, mixtures, obnoxious substances, chemicals and other noxious and harmful substances, to preserve and protect inland waters;

(c)

supporting, part or whole of expenses of owners or economically backward sector involved in activities of trade and living depending solely on inland waters;

(d)

removal of unidentified wreck or obstruction affecting and impeding navigation; and

(e)

boosting up development works of inland water navigation with respect to safety and convenience of conveyance.

(2)

For the purposes of constitution of the Development Fund under sub-section (1), endeavour shall be made to design schemes of contribution from—

(a)

the State Government;

(b)

stake holders;

(c)

the amount collected from sale of wreck or cargo or remains thereof after deducting the expenses incurred;

(d)

excess fund out of judicial sale of vessels or any property or cargo after meeting the expenses incurred or set-off against the court to meet damages or functioning of the court or administrative machinery; and

(e)

part or proportionate disbursement of fees collected by the respective State Government as provided in this Chapter.