Chhattisgarh Mineral Development Fund Act, 2003 (Act No. 22 of 2003)

3. (l) The Stale Govemmenl shall conslitute, by apprnpriation made oul of.jts mineral Chhaltl~garh revenue and contribution from any other source. a fund to be ca.lled the Mi11en.l Do.vt:lafl- 11\cnt lu11tl, Chh11t1rs,garh Mineral Development Pund. (2) Every year an amount equivalelll to five percent of mineral revenue collected /'luring U1e prcccclmg fin:mcinl year shaJI be caimar kcd and conlribU!cd to l11e Fund.

4.- The Fund so created shall be assigned to the Dcpartmt!m which shall make available A.Bolment of Fi.u,d. such sums, as may be ri:quircd, to the Direc1orate of Geology a~d Mining and tl1e Chhattisgarh Mineral Development Corpora1io11. S. The Pund may be utilised for :- .\JUlh-,,,thm of Fund. (a) carrying out the fonctioris ru,d activities of tile Directorate or Geology and Mining specially for invesugatiori and explora1ion of mineral deposits in the ... state, and (b) c.arrying out the activities of chc Gorporation, such a.s exploitation of minerals, parlncrship in JoiTIL Ventures, providing in_fraslnlctmes in mines and also for other purposes connected wiUt mining activities for functions for promoting mineral base,d industries in lhc State in accordance with 11.le State Mineral Polic.y.

6. (1) The State Govcnuncm .sl.lall by notification in Uie Official Gazette," conslitulc Ad~Jsory Co111111l- an Ad\'isory Commi1tec for lhe pllrl)Oses of giving diiectives for propec utilisation 1Cec. of the Fund aad_ allocation from the Fund for various purposes as per Section 5. Tue Ad,..isory Committee shall also perform such other funclion-s as may be prescribed. (2) The Flllld shall tie regulated and aumi:Jli:slered by the Dcparnnent and its utilisation shall be s_ubjcct lo the approval or lhe Advisory Committee. Provided that, the fund shall not be u(j]iz.e.d for any purposes other lli:m those for which it is created. (3) 'flle Advisory Committee shall coasist of tbe following members :- (a) Chief Minister Ex-officio: Chairman (b) Minister for Mineral Resources Ex-officio Member; (c) Minis1cr for Finance Cx-officio ML-mbi;r: {d) Sra!e Miuis1cr for Mir1er3J R<:".~aurces E.1:.--cll'icio Member: (c) ~:hie! ::-iecrc1ary Ex-officio Member: ff) Principal Secretary ,o (j(,v,.;n1ment Mineral Fx-ot:,, io Mcmhct R,.;soun;es l)i.;prn l!rn.::n t. ~r!>:<'.! ~ - ~ 2s ~ 2003 =======-~-..:-:::::::=====::.;_:.:::::-:.=-::::~:.::··.;:.;·::::·c:.:··======::..================== (g) Managing Direclor, [hhauisgarh Mineral Ex-ofl:icio Mcmbt'!. Dt".velorunem Corporatior.. (hJ Tow cxpcns in the field of minif\g to be lvfemiler; appointed by Lhe Slate Government. (i) Dirccwr, Geology and Mining, Chhattisgarh Mcmb{:J" Secrdary. (4) A person appointed as-an expert member under clause (11) of sub-section (1) slmll hold office for a period of three years from the d.:ite or his appoinuncnl unless his term of oJficc is terminated by the Government by nolirication in U1e Official Gazelle. · (5) No act or proc.ee~ing of the Advisory CommiUcc sl1all he invalid by reason only of a vacancy tllerein, or any defect -in nomination of any member, if such at:l or proceeding is otherwise in accoj:dance with tile provision of the Act. " Accounting !;'Juul. 7. (1) The accuums of the amow\l credited, wil11drawn and spcnL from the Ftmd, rrom time lo lime, shall be maint.ime<l by the Department in the prescribed manner and shown under appropriate heads in. lhc annual financial sratemem. (2) 1l1e annual financial statement sbnll be placed before t.he Stal<! Legislature:, as soon as may be, after it is prepared by U1c Department. Prolecl1011 or :,.ction 8. No suit, prosecution or legal proceeding shall lie against the Government or the ti>kcn in go<td fnilh. Department or an officer or an employee of the Stale Governmenl or of the Direclor-.ue, or of the Corporation for anything whid1 is done in good failh or intended to be done under this Ac!. ' - l'ower lo remove 9. If any difficulty arises in gIvmg effect to the prov1s1ons of this Act, the Slalc di ffic1111ies. Government may, by an order published in lhc_ Gazelle, do anylhing not includeu in the provisions of this Act, which appears to it lo be necessary or expedient for the purpose of removing the dirficulty. l'ower L1> umkt 10. 111c Stale Government shall make_ rules for Ulc purpose of irnplememalron of this nill'-!i. Act and for purposes connected therewith.