The Technology Development Board Act,1995
Section 9. Fund for Technology Development and Application
(1) The shall be constituted a Fund to be called the Fund for Technology Development and Application and there shall be credited to the Fund-
(a) Any grants and loans made to the Board by the Central Government under section 8;
(b) All sums received by the Board from any other source;
(c) Recoveries made of the amounts granted from the Fund; and
(d) 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 officers and other employees of the Board; and
(c) Expenses of the Board in the discharge of its functions under this Act.