Objects on which Board may spend money

Infrastructure1924119 of 119 sections available

Statutory text

(1) Subject to the provisions of section 99 and to any other law for the time being in force, the rents, income, and other proceeds of any property vested in, or acquired by, the Board under this Act, and all moneys acquired by the Board under or by virtue of this Act shall be applied by the Board as follows and in the following order, namely:-
- (a) the salaries, fees, allowances, pensions, gratuities, compassionate allowances or other moneys due to the Chairman, Vice-Chairman, officers and servants appointed under this Act, and the contributions, if any, authorized to be made to any provident fund established for the benefit of the said officers and servants;
- (b) the cost of repairs to and the maintenance of the property vested in the Board, and all charges upon the same and all working expenses;
- (c) the payment of any interest which is from time to time owing by the Board;
- (d) payments to sinking funds and the repayment of the principal of loans as they fall due;
- (e) the cost or portion of the cost of any new work, plant, vessel, or appliance which the Board may determine to charge to revenue;
- (g) generally for the purposes of this Act.
(2) The Board may, with the special sanction of the '[State Government], incur expenditure on the provision of amenities for the recreation of its employees, or otherwise for the promotion of their well-being.

Study data processing for this section.

Some statutory text is still being prepared for this language version.

PDF: pending for this language.