Section 14
Provisions relating to existing Central Road and Infrastructure Fund.
The Central Road and Infrastructure Fund Act, 2000
About this Act
An Act to give statutory status to the existing Central Road Fund governed by the Resolution of Parliament passed in 1988, for development and maintenance of national highways and improvement of safety at railway crossings, and for these purposes to levy and collect by way of cess, a duty of excise and duty of customs on motor spirit commonly known as petrol, high speed diesel oil and for other matters connected therewith.
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.
(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.
Notes
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).
2. Subs. by s. 206, ibid, for "highways and State roads" (w.e.f. 1-4-2018).