Establishment of the Fund.

Infrastructure200743 sections

Statutory text

(1) After the constitution of the Authority, within one year, there shall be established a Fund to be called the Kerala Road Safety Fund.
(2) There shall be credited to the Fund,—
- (a) the amount transferred under sub-section (6) of section 10;
- (b) grants, loans or advances made by the Government;
- (c) grants, loans or advances made by the Government of India;
- (d) contributions from public or private institutions or organisations;
- (e) compounding fee collected under section 28.
(3) The Government shall contribute to the Fund every year, an amount equal to fifty per cent of the compounding fee collected in the previous year under section 200 of the Motor Vehicles Act, 1988 (Central Act 59 of 1988).

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