- Type
- Act
- Year
- २०५३ BS
- Status
- In force
- Category
- खण्ड ११: योजना, विकास तथा निर्माण · Volume 11: Planning, Development and Construction
- Official text
- Official page Official text (PDF)
- English translation
- Official English translation archived copy: the original page is no longer online
Includes amendments up to: 2066 BS. Translations may not include later amendments. The Nepali text is the authoritative law.
Analysis drawn from official reports, court rulings and published research, each cited. Figures are being double-checked against the source documents; corrections are welcome.
What does it do?
- The Act sets up the Town Development Fund (TDF) as an autonomous corporate body to give financial and technical support for building and expanding towns. It lends to and advises 'town development bodies' — metropolitan and sub-metropolitan cities, municipalities, town development committees, other government or non-government bodies doing urban land development, and selected urbanising villages — for basic services (roads, street lights, bridges, water, drainage, waste collection, public toilets, libraries, schools) and income-generating projects (markets, trade centres, bus parks, slaughterhouses, warehouses).सहरको निर्माण, विकास र विस्तारका लागि आर्थिक र प्राविधिक सहयोग दिन यस ऐनले स्वशासित संगठित संस्थाका रूपमा नगर विकास कोष स्थापना गरेको छ। कोषले महानगरपालिका, उपमहानगरपालिका, नगरपालिका, नगर विकास समिति, सहरी जग्गा विकास गर्ने सरकारी वा गैरसरकारी संस्था र तोकिएका नगरोन्मुख गाउँजस्ता 'नगर विकाससँग सम्बन्धित निकाय' लाई आधारभूत सेवा (बाटो, सडक बत्ती, पुल, खानेपानी, ढल, फोहोर संकलन, सार्वजनिक शौचालय, पुस्तकालय, विद्यालय) र आयमूलक आयोजना (बजार, व्यापार केन्द्र, बसपार्क, पशु वधशाला, गोदाम) का लागि ऋण र परामर्श दिन्छ। Nepal Law Commission (lawcommission.gov.np), consolidated official text Preamble, p. 1; Sections 2–6, pp. 2–5
- The Fund may raise money from the government, domestic and foreign bodies and international organisations (foreign loans need government approval), issue and buy debentures, invest in shares and bonds, and charge fees for advice. It lends against written conditions; if a borrower breaches them, it may recall the loan, take possession of and auction the collateral or other property, and it has first claim if a borrower body is dissolved. Its property transactions are exempt from registration fees.कोषले सरकार, स्वदेशी तथा विदेशी संस्था र अन्तर्राष्ट्रिय निकायबाट ऋण, अनुदान र सहयोग जुटाउन (विदेशी ऋणमा सरकारको स्वीकृति चाहिने), डिबेन्चर तथा ऋणपत्र जारी गर्न र किन्न, शेयर र ऋणपत्रमा लगानी गर्न तथा परामर्श सेवा शुल्क लिन सक्छ। लिखित शर्तसहित ऋण दिन्छ; ऋणीले शर्त उल्लंघन गरे ऋण फिर्ता माग्न, धितो वा ऋणीको अन्य सम्पत्ति कब्जा गरी लिलाम गर्न सक्छ, र ऋणी निकाय विघटन भए कोषको पहिलो हकदाबी हुन्छ। कोषको अचल सम्पत्ति कारोबारमा रजिस्ट्रेसन दस्तुर लाग्दैन। Nepal Law Commission (lawcommission.gov.np), consolidated official text Sections 7–13, pp. 5–7; Section 23, p. 12
- A board chaired by the secretary of the urban development ministry, with representatives of the finance and federal affairs ministries, seven mayors or deputy mayors (one per province, at least three women), finance or engineering experts and three inclusion-based experts, runs the Fund, with an executive director as member-secretary. Its accounts are audited by an auditor appointed after consulting the Auditor General, and the government may dissolve the Fund in specified circumstances.सहरी विकास मन्त्रालयका सचिवको अध्यक्षतामा अर्थ र सङ्घीय मामिला मन्त्रालयका प्रतिनिधि, प्रत्येक प्रदेशबाट एक–एक गरी (कम्तीमा तीन महिलासहित) सात जना नगरप्रमुख वा उपप्रमुख, वित्त वा इन्जिनियरिङ विज्ञ र समावेशिताका आधारमा तीन जना विज्ञ रहेको सञ्चालक समितिले कोष सञ्चालन गर्छ; कार्यकारी निर्देशक सदस्य–सचिव हुन्छन्। महालेखापरीक्षकको परामर्शमा नियुक्त लेखापरीक्षकबाट लेखापरीक्षण हुन्छ, र तोकिएको अवस्थामा सरकारले कोष विघटन गर्न सक्छ। Nepal Law Commission (lawcommission.gov.np), consolidated official text Sections 14, 18, 22, 33, pp. 7–14
Gaps, loopholes and improvement ideas
- Not enforced The National Natural Resources and Fiscal Commission reports that in FY 2082/83, 17 local governments borrowed from the Town Development Fund without the federal consent that Section 14 of the Intergovernmental Fiscal Arrangement Act requires (the Ministry of Finance said none had asked), some borrowed outside their budgets, and Rangeli and Urlabari municipalities borrowed above the Commission's limit; the Auditor General likewise found 16 local governments raised Rs 37.19 crore from the Fund in FY 2081/82.राष्ट्रिय प्राकृतिक स्रोत तथा वित्त आयोगका अनुसार आर्थिक वर्ष २०८२/८३ मा १७ स्थानीय तहले अन्तर–सरकारी वित्त व्यवस्थापन ऐनको दफा १४ ले माग गरेको सङ्घीय सहमति नलिई नगर विकास कोषबाट ऋण लिए (अर्थ मन्त्रालयका अनुसार कसैले सहमति मागेका थिएनन्), कतिपयले बजेटबाहिर ऋण लिए, र रंगेली तथा उर्लाबारी नगरपालिकाले आयोगले तोकेको सीमाभन्दा बढी ऋण लिए; महालेखापरीक्षकले पनि आर्थिक वर्ष २०८१/८२ मा १६ स्थानीय तहले कोषबाट रु. ३७ करोड १९ लाख ऋण लिएको उल्लेख गरेका छन्। National Natural Resources and Fiscal Commission · Office of the Auditor General, Nepal NNRFC 8th Annual Report s.7.4 tables, items 3–6, PDF pp. 299–300 (printed pp. 271–272); OAG 63rd report, NNRFC section para 5, PDF p. 105 (printed p. 73)
- Loophole The NNRFC also found that when user committees and similar bodies borrow from the Town Development Fund, the local government where the project is located has stood as guarantor, although no law relating to local governments provides for this; it says no local government should act as guarantor without a legal basis.विभिन्न उपभोक्ता संस्थाले नगर विकास कोषबाट ऋण लिँदा आयोजना रहेको स्थानीय तह जमानी बसेको, तर स्थानीय तहसम्बन्धी प्रचलित कानूनमा त्यसरी जमानी बस्न सक्ने व्यवस्था नरहेको आयोगले औँल्याएको छ; कानूनी आधारबिना स्थानीय तह जमानी बस्न नहुने आयोगको भनाइ छ। National Natural Resources and Fiscal Commission NNRFC 8th Annual Report s.7.4 suggestions, item 6, PDF p. 300 (printed p. 272)
Where does it conflict with other laws?
No conflict with another law is documented in the sources we have reviewed so far.
Regulations and rules made under it
- नगर विकास कोष नियमावली, २०५४ In force