Section 3   [ View Judgements ]

MAHARASHTRA MINERAL DEVELOPMENT FUND


(1) On the commencement of this Act, the State Government shall constitute, by appropriation duly made from out of the total mineral revenue collected in the immediately preceding financial year, a fund to be called the Maharashtra Mineral Development Fund.

(2) An amount of ten per cent of such mineral revenue collected during the said year shall be earmarked for this purpose and shall form a part of such Fund.

(3) The State Government shall, thereafter for every completed financial year, contribute, after appropriation duly made, within three months from the appropriation made ten per cent of the total mineral revenue collection of that financial year, towards the said Fund.

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