(Pb Ord LIII of 2001)
[10th December, 2001]
An Ordinance further to amend the Punjab Finance Act, 1964.
Whereas it is expedient further to amend the Punjab Finance Act, 1964 (XXXIV of 1964), for the purpose hereinafter appearing;
And Whereas the Provincial Assembly of the Punjab is dissolved and the Governor is satisfied that circumstances exist which render it necessary to take immediate action;
And whereas under Article 4 of the Provisional Constitution (Amendment) Order No. 9 of 1999, as amended by the Chief Executive Order No. 11 of 2000, the Governor of a Province may issue and promulgate an Ordinance;
Now, therefore, in exercise of the aforesaid powers and all other powers enabling him in that behalf, the Governor of the Punjab is pleased to make and promulgate the following Ordinance:
1. Short title and commencement.- (1) This Ordinance may be called the Punjab Finance (Amendment) Ordinance, 2001.
(2) It shall come into force at once.
2. Amendment in section 2 of Act XXXIV of 1964.- In the said Act, in clause (b) of section 2 the words “West Pakistan” shall be substituted by the word “Punjab”
3. Amendment in section 12 of Act XXXIV of 1964.- In the said Act, for sub section (4) of section 12 the following shall be substituted. “(4) The proceeds of the cess shall be utilized for-
(i) maintenance and development of roads, bridges and plant protection services in the sugarcane growing areas in the Punjab, as notified by the Government; and
(ii) research and development of sugarcane in the province.”