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The Tripura Infrastructure Investment Fund Act, 2018

The Tripura Infrastructure Investment Fund Act, 2018

Infrastructure201834 sections

This Act establishes the Tripura Infrastructure Investment Fund to provide essential financial support for developing infrastructure projects throughout the state. It sets out the legal framework for funding both physical assets, such as roads and utilities, and social services like schools and hospitals. The legislation primarily governs public-private partnerships, defining the roles of private investors, the government, and necessary administrative committees. By ensuring structured funding and clear guidelines for eligibility, the Act aims to attract private capital to support Tripura's growth and modernization while maintaining professional oversight.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Definitions
  3. 3. Tripura Infrastructure Investment Fund Scheme
  4. 4. Eligible projects.
  5. 5. Constitution of Board.
  6. 6. Term of office of members.
  7. 7. Meetings of the Board.
  8. 8. Functions of the Board.
  9. 9. General Power of the Board.
  10. 10. Executive Committee:
  11. 11. Fund Trustee and Advisory Commission (FTAC).
  12. 12. Functions of Fund Trustee and Advisory Commission.
  13. 13. Powers of Fund Trustee and Advisory Commission.
  14. 14. Project identification, prioritization and implementation.
  15. 15. Budgetary allocation for repayment.
  16. 16. Power of the Board to borrow and lend.
  17. 17. Power of the Board to delegate.
  18. 18. Guarantee by Government of loans.
  19. 19. Appointment of officers and staff.
  20. 20. Mode of recovery of money due to Board.
  21. 21. Members of Board etc. to be public servant.
  22. 22. Protection for acts done in good faith.
  23. 23. Power of Government to issue directions.
  24. 24. Accounts and Audit.
  25. 25. Annual report and audited statement of accounts.
  26. 26. Power to order inquiry.
  27. 27. Power to appoint an Inspection Authority.
  28. 28. Dissolution of the Board.
  29. 29. Bar of jurisdiction of civil Courts.
  30. 30. Removal of difficulties.
  31. 31. Modification of the Scheme.
  32. First Schedule. Matter for which provisions may be made in the scheme
  33. Second Schedule. SECTORS
  34. Third Schedule. NATURE OF CONCESSION AGREEMENTS

PDF: pending for this language.