83. Distribution of revenue.—(1) The award made by the Fourteenth Finance Commission to the
existing State of Jammu and Kashmir shall be apportioned between the successor Union territory of
Jammu and Kashmir; and Union territory of Ladakh by the Central Government on the basis of
population ratio and other parameters:
Provided that on the appointed day, the President shall make a reference to the Union territories
Finance Commission to take into account the resources available to the successor Union territories of
Ladakh and make separate award for the successor Union territory of Ladakh:
Provided further that on the appointed day, the President shall make a reference to the Fifteenth
Finance Commission to include Union territory of Jammu and Kashmir in its Terms of Reference and
make award for the successor Union territory of Jammu and Kashmir.
(2) Notwithstanding anything in sub-section (1), the Central Government may, having regard to the
resources available to the successor Union territory of Ladakh make appropriate grants and also
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ensure that adequate benefits and incentives in the form of special development package are given to
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the backward areas of this region.
aC
PART XI
APPORTIONMENT OF ASSETS AND LIABILITIES
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More sections of this act
Section 1 · Short title.Section 2 · Definitions.Section 3 · Formation of Union territory of Ladakh without Legislature.Section 4 · Formation of Union territory of Jammu and Kashmir with Legislature.Section 5 · Governor of existing State of Jammu and Kashmir to be common Lieutenant Governor.Section 6 · Amendment of First Schedule to the Constitution.Section 7 · Saving powers of the Government of Union territory of Jammu and Kashmir.Section 8 · Amendment of Fourth Schedule to Constitution.India Code, Government of India. Text fetched 10 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.