Duty of board to meet liability towards salaries, allowances, pensions etc.,

It shall be the duty of the board to meet its liability towards the following during preparation of annual budget estimates and incurring expenditures for the year,- (a) the salaries, fees, remunerations, allowances, pensions, gratuities, compassionate allowances or other moneys due to,- (i) the Chairman and other members of the board; (ii) the employees of the board; and (iii) the surviving relatives if any, of such employees; (b) the contributions, if any, payable to the Central or State Government on account of pension and leave allowance of any officer lent to the board by such Government; (c) the cost and expenses if any incurred by the board in the conduct and administration of any provident fund, welfare fund, loan or special fund established by the board.