Charter of the Economy 8.4. Financing of Local Governments Article 140A clearly states that each Provincial Government must devolve financial authority and responsibility to local governments. As such, the latter should have access to sufficient funds to perform the functions listed earlier. There are two sources of finance. The first is the transfer from the Provincial Governments as per the respective Provincial Finance Commission(PFC) Awards. The second source is own-revenues generated from taxes, fees, and charges within the fiscal powers of local governments. The fiscal powers generally available to local governments as per the latest legislation are listed in Chart 8.2. A comparison is made with the devolution of revenue sources in 2001. Also, the Chart highlights the wide variation in fiscal powers. Chart 8.2: Local Government Revenue Assignment since 1979 1979 2001 2013 Tax to be levied All Provinces K-PK Punjab’s LG Sindh’s LG Urban Rural LG Educational and x health facilities fees x  Local rate on x lands assessable to land revenue x  Toll on roads, bridges, ferries maintained by the LG   Water, sanitation,  drainage, lighting and conservancy rates etc.  Fee on advertisement including hoarding and billboard   Market fees   Tax on the transfer of immovable property   LG Urban Rural Urban Rural  x x x x  x  x x                          Baluchistan’s LG Urban Rural x x x x    x       80