THE JAMMU AND KASHMIR PANCHAYATI RAJ ACT, 1989
Section 34. Property and finances of the Block Development Council.
(1) Block Development Council shall have the powers to acquire, hold or dispose of property and enter into a contract in accordance with the rules in force.
(2) For every Block Development Council, there shall be constituted a “Block Development Council Fund” comprising grants made by the 1[Government of the Union territory of Jammu and Kashmir] having due regard to the number of Panchayat Halqas in a Block and the revenues assigned by the District Planning and Development Board.
2[(3) The Block Development Council shall have power to operate funds, grants, etc. specified in Schedule II-C in the manner prescribed.]
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