Section 37
. (1) The State Government may allocate to a Gram Panchayat any pu bl ic property situarcd within its jurisdicrion, and thereupon such property shall vest in and come under the control of the Gram Panchnyat .
37 . (1) The State Government may allocate to a Gram Panchayat any pu bl ic property situarcd within its jurisdicrion, and thereupon such property shall vest in and come under the control of the Gram Panchnyat .
(2) No property vested in or belonging to a Gram Panchayat shall be transferred by way of sale.gift , mortgage, exchange or lease except with the previous sanction of the State Government .
(3) Where the State Government is of opinion that any property vested in or belonging to a Gram Panchayat is required for the purpose of any national or State development plan or for any other public purpose , the State Government may resume such properly, and upon such resumption, the property shall cease to vest in the Gram Punchaynr nne! shnll re-vestin the State Government .
(4) No compensa tion orhcr.rhun the umoun t paid by the Gram Panchayat for such transfer and the market value of any building or works erected or executed on such property by the Grum Pauchayat at the time of resumption Sll:111be payable . Any sum so received shall be credited to the Gram Pnnchayat fund.