Section 39
. (1) For every Gram Panchayat there shall be constituted a Gram Panchnyat Fund beariug the name of Gram Panchayat 011 the basis of the review and recommendations made by the SUIte Finance Commission and there shall be placed to the credit thereof-
39 . (1) For every Gram Panchayat there shall be constituted a Gram Panchnyat Fund beariug the name of Gram Panchayat 011 the basis of the review and recommendations made by the SUIte Finance Commission and there shall be placed to the credit thereof-
(a) conui burions and g1 ' <IIHSif, if, any, made by the Cen trul or the Srare Governmen t;
(b) contributions and grunts , if <In) ' , made by "Zilla Panchayat or any other local authority;
(c) loans, if ail) ' , guuued by the Central Government or the Stare Governmcnr;
CeI) ul l receipts on :ICCOUlits or taxes, rates and fees levied by the Gram P ~ \I1c . 11<y aIt;
(e) all slims received by way of gift or contribution;
(0 all other slims received by or on behalf 0[ ' the (;1',\111Panchnyar;
Levy of taxes, rates and fees .
Power of State Government to regulate taxes, rates aile! fees.
Appeo! against taxation, fees an d rates .
Recovery of arrears .
(g) such percentage of the land revenue collected by it as may be determined by the State Govcmment .
(2) . Every Gram Panchnyat shall set apart and apply annually such sum as may be required to meet the cost of its adminlstrntion including ullowanc'es payable to the mcm bers ,
(3) Every Gram Panchayat shall have the power to spend such sums as the State Government may, by order, specify for carrying out the purposes of this Act .
(4) The Gram Panchayat Fund shall be vested in the Gram Panchayat and the balance to the credit of the Fund sha]! be kept in such custody as the State Government may direct.
(5) Subject to such general control as the Gram Panchayat may exercise from time to time, all orders and cheques for payment from the Gram Panchnyat Fund shall be signed by the Snbhapati or in his absence by the Up-Subhapari,