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1[138-A. (1) The Finance Commission shall review the financial position of the corporation and make recommendations to the Governor as to,-- (a) the principal which should govern-- (i) the distribution between the State and the 2[Corporation] of the new proceeds of the taxes, duties, tolls and fees leviable by the State which may be divided between them and allocation of share or such proceeds to the Corporations ; (ii) the determination of the taxes, duties, tolls and fees which may be to assigned appropriated by the 2[Corporation] ; (iii) the grants-in-aid to the 2[Corporation] from the Consolidated Fund of the State ; (b) the measures needed to improve the financial position of the Corporation ; (c) any other matter referred to the Finance Commission by the Governor in the interest of sound finance of the 2[Corporation]. (2) Every recommendation of the Finance Commission made under sub-section (1) shall together with an explanatory memorandum as to the action taken thereon, be laid before both the Houses of the State Legislature.
<span style="margin-left:15px;"></span><b><sup>1</sup>[138-A. </b>(1) The Finance Commission shall review the financial position of the corporation and make recommendations to the Governor as to,-- <span style="margin-left:15px;"></span> (a) the principal which should govern-- <span style="margin-left:15px;"></span> (i) the distribution between the State and the <b><sup>2</sup>[</b>Corporation<b>]</b> of the new proceeds of the taxes, duties, tolls and fees leviable by the State which may be divided between them and allocation of share or such proceeds to the Corporations ; <span style="margin-left:15px;"></span> (ii) the determination of the taxes, duties, tolls and fees which may be to assigned appropriated by the <b><sup>2</sup>[</b>Corporation<b>]</b> ; <span style="margin-left:15px;"></span> (iii) the grants-in-aid to the <b><sup>2</sup>[</b>Corporation<b>]</b> from the Consolidated Fund of the State ; <span style="margin-left:15px;"></span> (b) the measures needed to improve the financial position of the Corporation ; <span style="margin-left:15px;"></span> (c) any other matter referred to the Finance Commission by the Governor in the interest of sound finance of the <b><sup>2</sup>[</b>Corporation<b>]</b>. (2) Every recommendation of the Finance Commission made under sub-section (1) shall together with an explanatory memorandum as to the action taken thereon, be laid before both the Houses of the State Legislature. <br>