(1) Every Halqa Panchayat shall have a fund
to be called “Halqa Panchayat Fund” which shall comprise the following :––
(i) Taxes, fees levied by Panchayat.
(ii) Proceeds from the property and enterprises run by Halqa Panchayat.
(iii) Court fees, fines and compensation paid to Halqa Panchayat.
(iv) Donations and contributions paid by public for works undertaken by Halqa Panchayat.
(v) Proceeds of the sanitation cess collected by 1[Government of the Union territory of Jammu and Kashmir] on the revenue being loaned within Halqa Panchayat area.
(vi) Grants from the 1[Government of the Union territory of Jammu and Kashmir] for general purposes on per capita basis and also for specific functions.
(vii) Loans from 1[Government of the Union territory of Jammu and Kashmir] or other agencies approved by 1[Government of the Union territory of Jammu and Kashmir], or other financial institutions.
(viii) All other income of Halqa Panchayat and such grants as may be assigned to the Halqa Panchayat by the 1[Government of the Union territory of Jammu and Kashmir], keeping in view the topography and backwardness of the area.
2[(2) The Halqa Panchayat shall have power to operate the funds, grants, etc. specified in Schedule 1-C in the manner specified.]
(i) Taxes, fees levied by Panchayat.
(ii) Proceeds from the property and enterprises run by Halqa Panchayat.
(iii) Court fees, fines and compensation paid to Halqa Panchayat.
(iv) Donations and contributions paid by public for works undertaken by Halqa Panchayat.
(v) Proceeds of the sanitation cess collected by 1[Government of the Union territory of Jammu and Kashmir] on the revenue being loaned within Halqa Panchayat area.
(vi) Grants from the 1[Government of the Union territory of Jammu and Kashmir] for general purposes on per capita basis and also for specific functions.
(vii) Loans from 1[Government of the Union territory of Jammu and Kashmir] or other agencies approved by 1[Government of the Union territory of Jammu and Kashmir], or other financial institutions.
(viii) All other income of Halqa Panchayat and such grants as may be assigned to the Halqa Panchayat by the 1[Government of the Union territory of Jammu and Kashmir], keeping in view the topography and backwardness of the area.
2[(2) The Halqa Panchayat shall have power to operate the funds, grants, etc. specified in Schedule 1-C in the manner specified.]
1. Substituted by S.O. 3654(E) dated 16.10.2020 for “Government”. 2. Sub-section (2) inserted ibid.