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State of Uttar Pradesh - Section

Section 124 in The U.P. Zamindari Abolition and Land Reforms Act, 1950

124. [ Gaon Sabha Fund. [Substituted by U.P. Act No. 33 of 1961.]

(1)All sums received under this Act by the Gaon Sabha, Gaon Panchayat or the Land Management Committee shall be credited to the Gaon Fund :[Provided that the amount of damages or compensation recoverable under Section 122-B shall be credited to the Consolidated Gaon Fund.]
(2)All moneys which immediately before the commencement of the Uttar Pradesh Kshettra Samitis and Zila Parishad Adhiniyam, 1961, were held in the Gaon Samaj Fund whether actually credited to it or not before commencement, shall stand transferred and be credited to the Gaon Fund.]