Lawgist14Provisions relating to existing Central Road and Infrastructure Fund
14. Provisions relating to existing Central 1[Road and Infrastructure Fund].--With effect from the appointed day the Central Road Fund governed by the Parliamentary Resolution dated the 13th May, 1988 (hereafter referred to in this section as the existing Fund) shall be deemed to be the Fund established under this Act and,--
(a) all schemes relating to development and maintenance of national 2[highways, State roads and other infrastructure] sanctioned under the existing Fund in so far as such schemes are relatable to the schemes under this Act, shall be deemed to be the schemes sanctioned under this Act;
(b) all funds accrued under the existing Fund including assets and liabilities shall be transferred to the Fund established under this Act.
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1. Subs. by Act 13 of 2018, s. 206, for "road Fund" (w.e.f. 1-4-2018).
2. Subs. by s. 206, ibid, for "highways and State roads" (w.e.f. 1-4-2018).
- 9 Powers of Central Government to administer the Fund
- 10 Functions of the Central Government
- 11 Administration of States' share of the Fund
- 12 Power to make rules
- 13 Rules made under this Act to be laid before Parliament
- 14 Provisions relating to existing Central Road and Infrastructure Fund
- 15 Repeal and saving
