LawgistThe Manipur Municipalities Act
67Formation and custody for municipal fund
(1) There shall be formed for each Nagar Panchayat and for each Council a municipal fund to be called the "Municipal Fund" and it shall be held by the Nagar Panchayat or by the Council, as the case may be, for the purposes of this Act and subject to the provisions thereof.
(2) The Municipal Fund shall vest in the Nagar Panchayat or the Council, as the case may be.
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MUNICIPAL PROPERTY, FINANCE AND CONTRACTS
- 62 Municipal property and vesting thereof
- 63 Transfer of municipal property
- 64 Execution of contracts
- 65 Transfer of private roads, etc., to Nagar Panchayat or Council
- 66 Acquisition of land
- 67 Formation and custody for municipal fund
- 68 Credit of moneys to the municipal fund
- 69 Powers of the Nagar Panchayat or of the Council to borrow money
- 70 Application of municipal property and fund
- 71 Budget
- 72 Accounts and audit
- 73 Finance Commission for municipalities
