Integrated Urban Development Mission (IUDM), Release of balance amount of Rs.150.00 crore to Urban Local Bodies for implementation of projects sanctioned under IUDM for the year 2014-15, Orders Issued
The Municipal Administration and Water Supply Department issued G.O. (Ms.) No. 53, dated 19 March 2015, sanctioning and releasing Rs.150.00 crore for projects approved under the Integrated Urban Development Mission. The money is credited to the mission fund maintained by the Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited and released to Corporations, Municipalities and Town Panchayats for approved projects.
What the government order does
The Municipal Administration and Water Supply Department's G.O. (Ms.) No. 53, dated 19 March 2015, sanctions and releases Rs.150.00 crore for projects approved under the Integrated Urban Development Mission. The approval followed a request from the Chairman and Managing Director of the Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited.
The Project Sanctioning and Monitoring Committee had sanctioned an Integrated Urban Development Mission share of Rs.3109.08 crore for various projects covering the years 2011-2012 to 2014-15. For the financial year 2014-15, the budget provision was Rs.750.00 crore, of which Rs.600.00 crore had already been drawn before this release.
Who receives and manages the money
The Commissioner of Municipal Administration is authorised to draw the sanctioned Rs.150.00 crore and credit it to the Personal Deposit account called the Integrated Urban Development Mission Fund. The Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited maintains that account and releases money for approved mission projects.
The intended recipients are:
- Corporations.
- Municipalities.
- Town Panchayats.
- Projects approved by the Project Sanctioning and Monitoring Committee, in accordance with its minutes.
Key funding provisions
G.O. (Ms.) No. 53 records the following points:
- Rs.250 crore, Rs.200 crore and Rs.150 crore had previously been sanctioned and released during 2014-15 under three earlier government orders.
- The immediate requirement reported for sanctioned projects was Rs.346.05 crore.
- Most sanctioned works had received work orders, and Urban Local Bodies had requested release of funds.
- Under the Integrated Urban Development Mission guidelines described in the document, 50 per cent may be released when sanction is issued, with the remaining 50 per cent released according to project progress.
- The expenditure is charged to the specified capital outlay head for urban development and major works under the Integrated Urban Development Mission.
Relevance to property owners and buyers
G.O. (Ms.) No. 53 concerns government funding for urban development projects. It does not contain provisions changing land ownership, property boundaries, land classification or individual property rights. Its practical relevance is limited to properties or local areas that may be served by projects approved and implemented by the relevant Urban Local Body under the Integrated Urban Development Mission.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does G.O. (Ms.) No. 53 change my land ownership or property classification?
No such change is contained in the document. G.O. (Ms.) No. 53 deals with releasing funds for approved Integrated Urban Development Mission projects.
Which local bodies can receive money from the Rs.150.00 crore release?
The money is intended for Corporations, Municipalities and Town Panchayats implementing projects sanctioned under the Integrated Urban Development Mission.
Who is responsible for drawing and managing the sanctioned amount?
The Commissioner of Municipal Administration is authorised to draw the amount and credit it to the Integrated Urban Development Mission Fund. The Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited maintains that account and releases funds for approved projects.
Is the full project funding released immediately?
The document states that Integrated Urban Development Mission funds may be released in two instalments. Fifty per cent may be released upon sanction, and the remaining fifty per cent may be released based on project progress.
