Chapter IV MEGHALAYA INFRASTRUCTURE DEVELOPMENT FUND

(a) contribution from the State Government or the Central Government; (b) amount charged by the Board under Section 25; (c) amounts borrowed or mobilised by the Board from capital or debt markets by any instrument whatsoever from both domestic� and international entities including financial institutions, banks, multilateral lending agencies and international and domestic grant providers, for Infrastructure Projects; (d) all money received for Bankable Projects; (e) any other income accruing to the Fund/Board, including by way of investments; (f) money accruing to the Fund/Board through sale, lease or rent of any assets of the Board; (3) In case amounts allocated for the Fund remain un-committed' at the end of any Financial Year for any reason whatsoever, then such amounts shall continue to vest with. the Fund and shall be available for utilisation in the next Financial Year. (4) The State Government may make advances t6 the Fund in order to meet a deficit or. any part thereof and such advances shall be made on such terms and conditions, whether as to repayment or otherwise, as the Government may determine. (5) The monies comprising the Fund shall be utilised or applied for: (a) financing construction, development, operation, maintenance, rehabilitation and up gradation of Bankable Projects; (b) meeting administrative and other expenses in relationt6 the functioning of the Board; (c) meeting any financial commitments or Subsidy envisaged under any Concession Agreement or any other agreement or arrangement for development of infrastructure in the State; (6) Notwithstanding anything contained in this Act, the Board shall have the powers, to spend such sums as it thinks fit to cover administrative expenses and for the performance of its duties and functions and such sums shall be treated as expenditure payable out of the Fund of the Board.