Lawgist.Download the App Now!
Get our Android app for fast and offline Access.
10. (1) The Authority may provide any infrastructure facility of its own or may engage a Government or private agency in the manner prescribed for the purpose of providing an infrastructure facility. (2) Where any infrastructure facility is provided, the Authority shall have the power to levy user-charges for the service so provided. (3) The rates of the user-charges referred to in sub-section (2) shall be fixed for different categories of the users by the authority, so however, that it ensures an annual return not exceeding sixteen per cent posttax return on the capital investment made in providing the infrastructure facility. (4) The Authority may delegate the power of collection of the user-charges to the agency providing the infrastructure facility. Explanation— For the purposes of this section— (a) the expression "provide" includes development, construction, installation, maintenance and operation of the infrastructure faculty; (b) the expression "post-tax return'' means the net return that accrues after payment of the income tax that may be found to be payable on the gross return.
<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><b>10.</b> (1) The Authority may provide any infrastructure facility of its own or may engage a Government or private agency in the manner prescribed for the purpose of providing an infrastructure facility.<br><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> (2) Where any infrastructure facility is provided, the Authority shall have the power to levy user-charges for the service so provided.<br><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> (3) The rates of the user-charges referred to in sub-section (2) shall be fixed for different categories of the users by the authority, so however, that it ensures an annual return not exceeding sixteen per cent posttax return on the capital investment made in providing the infrastructure facility.<br><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> (4) The Authority may delegate the power of collection of the user-charges to the agency providing the infrastructure facility.<br><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> Explanation— For the purposes of this section—<br><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> (a) the expression "provide" includes development, construction, installation, maintenance and operation of the infrastructure faculty;<br><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span> (b) the expression "post-tax return'' means the net return that accrues after payment of the income tax that may be found to be payable on the gross return.<br><br>