Fund

General202429 sections

Statutory text

(1) The Authority shall have a fund to which the following shall be credited, namely:-
- (a) any grant received from the State Government or the Central Government;
- (b) any fee, charges, toll and surcharges etc. received by the Authority under this Act;
- (c) any trust, bequests, donations, endowments and other grants; and
- (d) any other sums received on behalf of the Authority.
(2) The fund shall be applied for –
- (a) defraying expenses for smooth functioning of the Authority;
- (b) for organizing melas within or outside the State or anywhere in the world;
- (c) providing amenities to the visitors;
- (d) securing the health, safety and convenience of visitors;
- (e) safety of articles, building and structures in the mela area;
- (f) organizing cultural and educational seminars, workshops, exhibitions and conferences; and
- (g) any other purpose as may be approved by the Authority.

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