9Fund for Technology Development and Application.

(1) There 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 objects 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.