The Central Road Fund Act, 2000
6. Establishment of
Central Road Fund.-
1.
With
effect from such date as the Central Government may, by notification in the
Official Gazette, appoint in this behalf, there shall be established for the
purposes of this Act, a Fund to be called as the "C ntral Road Fund".
2.
The
Fund shall be under the control of the Central Government and there shall be
credited thereto-
a. any sums of money
paid under section 4 or section 5;
b. unspent part of the
cess, being already levied for the purposes of the development and maintenance
of national highways;
c. the sums, if any,
realised by the Central Government in carrying out its functions or in the
administration of this Act;
d. any fund provided by
the Central Government for the development and maintenance of State roads.
1.
2.
3.
The
balance to the credit of the Fund shall not lapse at the end of the financial
year.