Section 5
Grants and loans by the Central Government.
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.
The Central Government may, after due
appropriation made by Parliament by law in this behalf, credit by way of grants or loans such sums of
money as the Central Government may consider necessary in the Fund.