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State of Punjab - Section

Section 27 in The Punjab Agricultural Produce Markets Act, 1961

27. Market Committee Fund.

(1)All moneys received by a Committee shall be paid into a fund to be called the Market Committee Fund and all expenditure incurred by the Committee under or for the purposes of this Act shall be defrayed out of such fund, any surplus remaining after such expenditure has been met shall be invested in such manner as may be prescribed.
(2)
(a)Every Committee shall out of its fund pay to the Board as contribution such percentage of its income derived from licence fee, market fee and fines levied by the Courts as is specified below to defray expenses of the office establishment of the Board and such other expenses incurred by it in the interest of the Committees generally and also pay to the State Government the cost of any special or additional staff employed by the State Government in consultation with the Committee for giving effect to the provisions of this Act in the notified market area -
(i) [ if theannual income of a Committee does not exceed Rs. 20,00,000 [Old rates substituted by present new rates vide Punjab Act No. 28 of 1993.] Twenty per centum
(ii) if theannual income of a Committee exceeds Rs. 20,00,000  
(a) on thefirst of Rs. 20,00,000 Twenty per centum
(b) on the nextRs. 20,00,000 Twenty per centum
(c) on theremaining income Fifty per centum.]
(b)The State Government shall determine the cost of such special or additional staff and shall, where the staff is employed for the purposes of more Committees than one, apportion such cost among the Committees concerned in such manner as it thinks fit. The decision of the State Government determining the amount payable by any Committee shall be final.