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Section 36 – Special Economic Zones Act,2005

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.

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Special Economic Zones Act,2005

Indian Laws – Bare Acts


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