Tobacco Board Act : Constitution of the Tobacco Fund Indian Bare Acts :

Tobacco Board Act,1975

Act No : 4

Section : Constitution of the Tobacco Fund

17. Constitution of the Tobacco Fund. (1) There shall be formed a Fund to be called the Tobacco Fund and there shall be credited thereto-- (a) the fees levied and collected under this Act or the rules made thereunder; (b) any sums of money paid or any loans granted by the Central Government for the purposes of this Act; --------------------------------------------------------------------- 1. Subs. by Act 57 of 1985, s. 7 (w.e.f. 1.12.1985). 2. Ins. by Act 36 of 1978, s. 5. 391 (c) any grants or loans that may be made by any person for the purposes of this Act; (d) the sums, if any, realised by the Board in carrying out the measures referred to in section 8. (2) The Fund shall be applied-- (a) for meeting the cost of the measures referred to in section 8; (b) for meeting the salaries, allowances and other remuneration of the officers and other employees of the Board; (c) for meeting the other administrative expenses of the Board; (d) for repayment of any loans.