Haryana to utilize EDC funds in area from where it’s collected

Gurgaon | Saturday | 14th July, 2018

Summary:

CHANDIGARH: The Haryana government on Thursday announced to utilize the revenue generated through the external development charges (EDC) in the town where the licence was issued and money collected from. Now, separate bank accounts would be opened in all cities in which the EDC collected would be deposited and spent on development of the cities. Such account statement would be updated on monthly basis and hosted on the website for the purpose of the information of all concerned. In case, the amount is received against EDC by any government agency or local authority other than the director, it would be the responsibility of such government agency of local authority to maintain town-wise account statement for the amount received by them. As per the amendment, the director or any other government agency or local authority receiving EDC would maintain a town-wise account statement of the receipts.The EDC received against any specific project in a given town would be utilised for provision of external development of the respective town..