Kohima, Aug 06 (UNI) The Government of Nagaland has constituted the first Finance Commission to work out principles for governing the distribution of resources between the State Government and the Municipalities.
Official sources here today said that the 'Four-member Commission' will be headed by Justice (retired) Zeire Angami while the other members are L T Konyak, R O Ovung, retired Civil Servants and the Commissioner and Secretary of Urban Development as the Member Secretary.
The tenure of the Commission will be for a period of one year, till July 31 next.
The Commission will make recommendations relating to determination of taxes, duties, tolls and fees, which may be assigned to or appropriated by the municipalities and the grant-in-aid to the municipalities from the Consolidated fund of the State.
It will also recommend measures to improve the financial position of the municipalities and other matter referred to the Commission by the State Government in the financial interest of the municipalities.
While making recommendations, the Commission is to consider the objective of balancing the income and expenditure of the State government and the local bodies for generating surplus for capital investment.
The Commission is expected to make available its report by 31st July 2009, covering the period for five years, commencing on April 01 2010, sources added.
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