Meghalaya Natural Calamities Relief Fund Act,1980
No: 25 Dated: Dec, 20 1980
THE MEGHALAYA NATURAL CALAMITIES RELIEF FUND ACT, 1980
ACT 25 OF 1980
An Act to provide for the establishment and maintenance in the State Meghalaya of a fund called the Meghalaya Natural Calamities Relief Fund.
Be it enacted by the Legislature of the State of Meghalaya in the Thirty-first Year of the Republic of India as follows:-
1. Short title extent and commencement:- (1) This Act may be called the Meghalaya Natural Calamities Relief Fund Act, 1980.
(2) It extends to the whole of the State of Meghalaya.
(3) It shall come into force on such date as the State Government may, by notification, appoint.
2. Definition:- In this Act, unless the context otherwise requires, “Fund” means the Meghalaya Natural Calamities Relief Fund established under Section3.
3. Establishment of the Meghalaya Natural Calamities Relief Fund:- On the commencement of this Act, the State Government shall establish in an for the State of Meghalaya a Fund to be called the Meghalaya Natural Calamities Relief Fund which shall consist of :-
(i) contribution by the State Government under Section 4.
(ii) any contribution by the Government of India;
(iii) such other sums as the State Government may transfer from the unspent balance of the budget provisions of any year under Section 4 and
(iv) Donation, if any, by the public, any institution, autonomous body, association or authority.
4. Initial contribution to the Meghalaya Natural Calamities Relief Fund:- As soon as may be after the commencement of this Act, the State Government shall make an initial contribution, to the Fund of a sum of Rupees ten lakhs from the head “289-Relief on account of Natural Calamities” from the budget for the year 1981-82 or the unspent balance thereof on the 31st March, 1981 and thereafter make an annual contribution of the sum equal to the margin money recommended by the Finance Commission.
5. Purpose for which the Fund may be utilised:- Withdrawal from the Fund shall not be made except to cover the expenditure on relief of distress caused by flood, cyclone, hailstorm, drought, earthquake, or the calamities as may be notified by the State Government for the purpose.
6. Investment and reinvestment of the amount not required:- The State Government shall, from time to time invest or reinvest in easily encashable securities all amounts which may not be immediately required for any of the purposes mentioned in section 5 and the interest accrued thereon to the credit of the Fund.