section 18
Duties and functions of the Board
The Meghalaya Infrastructure Development Finance Board Act, 2011Infrastructure201134 sections7 chapters
Chapter III DUTIES, FUNCTIONS AND POWERS OF THE BOARD
Statutory text
- (1) The Board shall have the following duties and functions; namely, -
- (a) finance, procure finance and provide credit facilities for construction, development, operation, maintenance, rehabilitation and up gradation of Bankable Projects in the State;
- (b) administer and manage the Fund for the purpose of undertaking or assisting any financial commitments or Subsidy envisaged under any Concession Agreement or other arrangement and for the performance of its duties and functions including its own administrative expenditure;
- (c) determine whether an Infrastructure Project is a Bankable Project and decide on the mode and manner of financing such Bankable Project in accordance with the provisions of this Act;
- (d) perform such other functions as may be entrusted to it by the State Government;
- (2) The duties and functions of the Board shall be exercised in an independent, transparent and efficient manner and shall disseminate all relevant information about its operations to ' the public, in such manner as may be determined by the Board.
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