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Union of India - Section

Section 19 in The Inland Waterways Authority Of India Act, 1985

19. Constitution of the Fund.

(1)There shall be constituted a Fund to be called the Inland Waterways Authority of India Fund and there shall be credited thereto--
(a)any grants and loans made to the Authority by the Central Government under section 18;
(b)all fees and charges received by the Authority under this Act; and
(c)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)salary, allowances and other remuneration of the members, officers and other employees of the Authority;
(b)expenses of the Authority in the discharge of its functions under section 14; and
(c)expenses on objects and for purposes authorised by this Act.