Science and Engineering Research Board Act,2008
Section 10. Fund for Science and Engineering Research
(1) There shall be constituted a Fund to be called the Fund for Science and Engineering Research and there shall be credited to the Fund-
(a) any grants and loans made to the Board by the Central Government under Section 9;
(b) all sums received by the Board including donations from any other source;
(c) recoveries made of the amounts granted from the Fund; and id) any income from investment of the amount of the Fund.
(2) The Fund shall be applied for meeting-
(a) expenses on the object and for the purposes authorised by this Act;
(b) salaries, allowances and other expenses of the members, officers and other employees of the Board;
(c) remunerations of the consultants and visiting scientists; and
(d) expenses of the Board in the discharge of its functions under this Act.