The Assam Finance Commission has been constituted by the Governor of Assam, on 23rd June, 1995, to review the financial position of the Local Bodies namely the Panchayats and Municipalities and put forward to the
Government the recommendations relating to the distribution between the State of Assam and the Panchayats / Municipalities
of the nett proceeds of the taxes, duties, tolls and fees.
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The Third Assam State Finance Commission was constituted vide Government Notification No.FEA.182/2005/375 dated February 6, 2006. The Terms of Reference document is available here
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Assam State Finance Commission 