Section 8 in Punjab Urban Transport Fund Act, 2019
8. Utilization of Fund.
- The Fund shall be utilized for the following purposes, namely:-(1)to accelerate urban transport development, viability gap funding and infrastructure for urban transport projects recommended or approved under the various Schemes of the State Government or the Central Government duly considered by the Committee;(2)financial support to various special purpose vehicles and institutions of the State implementing urban transport projects;(3)conducting studies pertaining to urban transport;(4)expenses involved in hiring of consultants for various urban transport activities and studies relating to urban transport;(5)organizing capacity building, orientation and training programmes which may include seminars, conferences on urban transport; and(6)any other purpose relating to urban transport as the Committee deems fit.
