(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—
- all sums of money, which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide to the Authority;
- all grants or loans that may be made to the Authority under this Act;
- all sums received on account of user or service charges or fees or rent for the use of properties belonging to the Authority;
- 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—
- the salaries, allowances and other remuneration of the members, officers and other employees of the Authority;
- the expenses of the Authority in the discharge of its functions under section 34;
- repayment of any loan;
- the expenses on objects and for purposes authorised by this Act;
- meeting any other administrative expenses of the Authority.