Fund of the State.

Establishment of the Fund. (1) After the constitution of the Authority, within one year, there shall be establishment a Fund to be called the” Nagaland Road Safety Fund”.

1. (2) There shall be credited to Fund.- 1. Theamount transferred under sub-section (6) of section 10; 2. Grants, loans or advances made by the Government. 3. Grants, loans or advances made by the Government of India; 4. Contributions from public or private institutions or organizations; 5. Compounding fee collected under section 28.
2. (3) The Government shall contribution to the Fund every year, an amount equal to fifty percent of the compounding fee collected in the previous year under section 200 of the Motor vehicles Act, 1988 (Central Act 59 of 1988).