With reference to Article 243 H and 234 X of the Indian Constitution, consider the following statements

I. It make obligatory for the State Government to authorize the local bodies, by law, to impose taxes, duties etc. and assign to the local bodies such taxes/duties levied and collected by the State Government

II. It make the provision for grants-in-aid to the local bodies from the Consolidated Funds of the State.

Which of the statements given above is/are correct?