Professional Documents
Culture Documents
with due regard to that price at which any such land has been acquired from
them.
(3) Nothing in this Act shall be construed as enabling a new town
development authority to dispose of land by way of gift, mortgage or charge.
41. Power to make agreement for provision of services.- A new town
development authority may make any agreement or enter into any contract
with any local authority.
42. Contributions by new town development authority towards expenditure of
local authority and statutory body.
43. Advances and payments by Government to the new town development
authority.- (1) For the purpose of enabling a new town development authority
to defray expenditure properly chargeable to capital account including the
provision of working capital, the Government may, make advancesto the new
town development authority repayable over such periods and on such terms
as may be approved by the Government.
(2) For the purpose of enabling a new towndevelopment authority to defray
any other expenditure, the Government may, makegrants to the new town
development authority of such amounts as theymay decide in this behalf.
44. Power of the new town development authority to borrow and lend.- (1)
Subject to such conditions and limitations as may be prescribed and with the
previous approval of the Government, the new town development authority
may, for the promotion and execution of works in the new town development
plan made under this Act, borrow money from the public or from any
corporation owned or controlled by any State Government or by the Central
Government.
(2) Whenever the borrowing of any sum of money has been approved by the
Government, the new town development authority may, instead of borrowing
such sum or any part thereof from the public, take credit from any bank or
any corporation owned or controlled by any State Government or by the
Central Government on a cash account to be kept in the name of the new
town development authority to the extent of such sum or part thereof, and
may, with the previoussanction of the Government, grant mortgages of all or
any of the properties vested in the new town development authority by way
of security for such credit
(3) Subject to such conditions and limitations as may beprescribed and with
the previous approval of the Government, the new town development
authority may, for the promotion and execution of works in the new town
development plan made under this Act, enter into financial arrangements
withany bank or other financial institutions approved by the Government
orwith the life Insurance Corporation of India established under section 3 of
the Life Insurance Corporation Act, 1956 (Central Act XXXI of 1956).
(4) Subject to the provisionsof this Act and to such conditions and limitations
as may be prescribed, the new town development authority may, out of its
funds, grant loans and advances on such terms and conditions as it may
determine, to any co-operative society registered or deemed to be registered
under the law relating to co-operative societies for the time being in force in
the State of Tamil Nadu or to any institution or person for the construction of
housesand buildings or other uses.
45. Transfer of undertaking of new town development authority.- Without
prejudice to the power of a new town development authority under this Act to
dispose of any of its property, a new town development authority may, by an
agreement made with any local authority, or local planning authority and
withthe prior approval of the Government, transfer to that local authority or
local planning authority any part of its property upon such terms as may be
provided for by the agreement and after following such procedure as may be
prescribed.
46. Combination and transfer of functions of new town development
authority.- (1) If it appears to the Government that there are exceptional
circumstances which render it expedient that the functions of a new town
development authority under this Act should be performed by the new town
development authority they may, direct that the said functions shall be
performed by the new town development authority, established for the said
other new town.
(2) They may, by order, provide for the dissolution of the first mentioned
new town development authority and for the transfer of its functions,
property, rights and liabilities tothe new town development authority
established for the purposes of the said other new town.
(3) Before making an order under this section providing for the transfer of
functions from or to a new town development authority or for the exercise of
any function to such new town development authority, the Government shall
consult with that new town development authority.
(2) The Collector shall give his prior concurrence to the local authority. the
local authority shall exercise the powers of the appropriate planning authority
under sections 56 and 57 with such modifications as may be necessary.
48. Restrictions on buildings and lands, in the area of the planning authority.49. Application for permission.-(1) Except as otherwise provided by rules
made in this behalf.
50. Duration of permission.-Every permission for development granted under
section 49 shall remain in force for a periodof three years fromthe date of
such permission.
51. Exemption for works in progress.
52. Obligation to acquire land or building on refusal of permission or on grant
of permission in certain cases
53. Compensation for refusal of permission or grant of permission subject to
conditions in certain cases.
54. Power of revocation and modification of permission to development.
55. Bar of claim to compensation in certain cases.
56. Power to require removal of unauthorised development57. Power to stop unauthorised development.
58. Development undertaken on behalf of any State Government or Central
Government or local authority.