www.lawcommission.gov.np (b) To make a recommendation about equalization grants to be provided to the Province and Local Governments out of the Federal Consolidated Fund; (c) To conduct study and research work and prepare parameters as to conditional grants to be provided to the Province and Local Governments in accordance with national policies and programs, norms and condition of infrastructures; (d) To determine detailed basis and modality for the distribution of revenues between the Province and Local Governments out of the Provincial Consolidated Fund; (e) To recommend measures to meet expenditures of the Federal, Province and Local Governments, and to reform revenue collection; (f) To analyse macro-economic indicators and recommend ceiling of internal loans that the Federal, Province and Local Governments can borrow; (g) To review the bases for the distribution between the Federal and Provincial Governments of revenues and recommend for revision; (h) To set bases for the determination of shares of the Government of Nepal, Provincial Government and Local Level in investments and returns, in the mobilization of natural resources; (i) To do study and research work on possible disputes that may arise between the Federation and the Provinces, between Provinces, between a Province and a Local Level, and between Local Levels, and make suggestions to act in a coordinated manner for the prevention of such disputes. (2) The National Natural Resources and Fiscal Commission shall carry out necessary study and research work about environmental impact assessment required in the course of distribution of natural resources, and make recommendations to the Government of Nepal. (3) Other functions, duties and powers and rules of procedure of the National Natural Resources and Fiscal Commission, detailed bases required to be followed in 143

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