Constitution and composition of the Kerala Road Fund Board.

(1) As soon as may be after the commencement of this Act, the Government may, by notification in the Gazette, constitute a Board to be called "The Kerala Road Fund Board". (2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable and to contract and shall by the said name sue and be sued. (3) The Board shall consist of the following members, namely:- (a) the Chief Minister ex officio, who shall be the Chairman of the Board; (b) the Minister in charge of Public Works ex officio; who shall be the Vice-Chairman of the Board; (c) the Minister in charge of Finance-ex officio; (d) the Minister in charge of Transport-ex officio; (e) the Principal Secretary to Government in charge of Public Works Department-ex officio, who shall be the Member Secretary of the Board; (f) the Law Secretary -ex officio; (g) the Chief Engineer, Roads and Bridges-ex officio; (h) three persons nominated by the Government from among the heads of financial institutions engaged in the business of infrastructure, Scheduled Banks or technical or engineering personnel working in National level institutions. (4) Nominated members of the Board shall hold office during the pleasure of the Government. (5) Any nominated member may, at any time, resign his office by letter addressed to the Chairman of the Board. (6) There shall be an executive committee for the Board consisting of the following members, namely:- (a) the Minister in charge of Public Works who shall be the Chairman of the Executive Committee; (b) the Principal Secretary to Government in charge of Public Works Department-ex-officio who shall be the Vice-Chairman of the executive committee; (c) the Finance Secretary to Government-ex-officio; (d) the Law Secretary-ex-officio; (e) the Chief Engineer Roads & Bridges-ex-officio; (f) two members nominated by the Board from among the nominated members of the Board. (7) The Board and the executive committee shall meet at such time and place as the Chairman of the Board or executive committee, as the case may be, may decide and shall observe such rules of procedure in regard to transaction of business at their meetings including quorum as may be prescribed. (8) All questions at a meeting of the Board and executive committee shall be decided by a majority of the members present and voting. (9) The Board or the executive committee may associate with itself in such manner and for such purposes as may be prescribed by regulations, any person whose assistance or advice the Board or the executive committee, as the case may be, may desire to have in the performance of any of their functions under this Act, and the persons so associated shall have the right to take part in the meetings of Board or the executive committee as the case may be, relating to that purpose but shall not be entitled to vote. (10) The project management agency shall render necessary assistance to the Board in the discharge of its functions under this Act.