Special Economic Zones Act : Constitution of Fund and its application. Indian Bare Acts :

Special Economic Zones Act,2005

Act No : 28

Section : Constitution of Fund and its application.

36. Constitution of Fund and its application.-(1) There shall be established by every Authority a Fund to be called the.......... (the name of the Special Economic Zone concerned) Authority Fund and there shall be credited thereto-(a) all sums of money, which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide to the Authority;(b) all grants or loans that may be made to the Authority under this Act;(c) all sums received on account of user or service charges or fees or rent for the use of properties belonging to the Authority;(d) all sums received by the Authority from such other sources as may be decided upon by the Central Government.(2) The Fund shall be applied for meeting-(a) the salaries, allowances and other remuneration of the members, officers and other employees of the Authority;(b) the expenses of the Authority in the discharge of its functions under section 34;(c) the repayment of any loan;(d) the expenses on objects and for purposes authorised by this Act;(e) any other administrative expenses of the Authority.