Special Economic Zones Act,2005
Section 36. Constitution of Fund and its application
(1) There shall be established by every
Authority a fund to be called the …………………….. (the name of the Special Economic Zone concerned) Authority Fund and there shall be credited thereto-
(a) all sums of money, which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide to the Authority;
(b) all grants or loans that may be made to the Authority under this Act;
(c) all sums received on account of user or service charges or fees or rent for the use of properties belonging to the Authority;
(d) all sums received by the Authority from such other sources as may be decided upon by the Central Government.
(2) The Fund shall be applied for meeting-
(a) the salaries, allowances and other remuneration of the members, officers and other employees of the Authority;
(b) the expenses of the Authority in the discharge of its functions under Section 34;
(c) the repayment of any loan;
(d) the expenses on objects and for purposes authorised by this Act;
(e) any other administrative expenses of the Authority.
