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1[5. 2[Utilisation of proceeds of tax].- (1) The proceeds of the tax (together with any interest payable under section (9) recovered under this Act, shall first be credited to the Consolidated Fund of the State, and under appropriation duly made by law in this behalf,- (a) an amount of tax equivalent to 3[eight paise] per unit paid by power utility to the State Government in respect of sale of electricity to commercial and industrial consumers shall be transferred to the Maharashtra Energy Development Agency established under the Societies Registration Act, 1860 (21 of 1860) or its successor, for executing schemes of generation of renewable and non-conventional sources of energy; and 4* * * * (2) Any amount transferred to the Maharashtra Energy Development Agency 5[* * * ] under sub-section (1) shall be charged on the Consolidated Fund of the State.] 6* * * * *
<span style="margin-left:15px;"></span><b><sup>1</sup>[5. <sup>2</sup>[Utilisation of proceeds of tax].-</b> (<i>1</i>) The proceeds of the tax (together with any interest payable under section (9) recovered under this Act, shall first be credited to the Consolidated Fund of the State, and under appropriation duly made by law in this behalf,-<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>a</i>) an amount of tax equivalent to <sup>3</sup>[eight <i>paise</i>] per unit paid by power utility to the State Government in respect of sale of electricity to commercial and industrial consumers shall be transferred to the Maharashtra Energy Development Agency established under the Societies Registration Act, 1860 (21 of 1860) or its successor, for executing schemes of generation of renewable and non-conventional sources of energy; and<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><sup>4</sup>*<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> *<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> *<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> *<br> <span style="margin-left:15px;"></span>(<i>2</i>) Any amount transferred to the Maharashtra Energy Development Agency <sup>5</sup>[<span style="margin-left:15px;"></span>*<span style="margin-left:15px;"></span> *<span style="margin-left:15px;"></span> * ] under sub-section (<i>1</i>) shall be charged on the Consolidated Fund of the State.]<br> <span style="margin-left:15px;"></span><sup>6</sup>*<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> * <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>*<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> *<span style="margin-left:15px;"></span> <span style="margin-left:15px;"></span>*<br><br>