Fund of Special Area Development Authority

(1) Every Special Area Development Authority shall have its own fund and all receipts of that authority shall be credited thereto and all payment of that authority shall be made therefrom. (2) The Special Area Development Authority shall levy the development charge in the manner as prescribed under section 61 and 62 of this Act. (2a) The Special Area Development Authority may levy infrastructure and maintenance charges at such rates as may be prescribed on the commercial establishments including industries, hotels, brick kiln, apartments, shopping mall etc. which may be utilized on development and maintenance of infrastructure like roads, parks, parking etc. with the prior approval of the Government. (3) The Special Area Development Authority may for all or any of the purposes of this Act:- (a) accept grants from the State Government or a local authority; (b) raise loans, subject to such terms and conditions as may be prescribed.