General Power of the Board.

The Board shall, for the purpose of carrying out its functions under this Act, have the following powers, namely:- (a) to call upon any public agency or concessionaire or any person to furnish information in regard to any project; (b) to inspect or cause to inspect and monitor any Project and its execution, operation and management; (c) to regulate its own procedures; (d) to approve proposal and instruments to mobilize and deploy resources of the Fund; (e) to sanction financial assistance based on eligibility norms as per the Scheme: (f) to approve the Investment Prospectus, operational guidelines and oversight mechanism; (g) to recover the amounts due to the Board from the assisted projects, project authority, undertakings, public agency and concessionaire as per the recovery schedule; (h) to modify, revise or reschedule the recoveries as may be considered appropriate; (i) to opt for revenue recovery proceedings, if found necessary and appropriate, against any of the assisted project, project authority, undertakings, public agency and/or concessionaire in the interest of the Board; (j) to disburse all expenses relating to the administration of the Fund including travel, interest on borrowings, fees, professional charges and other expenses; (k) to invest any surplus fund of the Board, as may be available from time to time, in such manner as may be specified in the Act and in the Scheme and also to realize the returns due from such investments; (l) to review on a periodic basis the performance of any assisted project, project authority, undertakings, public agency and/or concessionaire receiving any assistance or loan from the Fund; (m) to enter into Memorandum of Understanding or performance contract with any assisted project, project authority, undertakings, public agency and/or concessionaire under the purview of this Act, on behalf of the Government; (n) to enter into contracts on behalf of the Board; (o) to exercise such powers and functions as may be specified in the Scheme;