Section 18
Fund of Board.
About this Act
An Act to provide for the establishment of River Boards for the regulation and development of inter-State rivers and river valleys.
(1) The Board shall have its own fund, and all sums which may, from time to
time, be paid to it by the Central Government or a State Government and all other receipts of the Board
shall be carried to the fund of the Board and all payments by the Board shall be made therefrom.
(2) The Board may expend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable out of the fund of the Board.
(2) The Board may expend such sums as it thinks fit for performing its functions under this Act, and such sums shall be treated as expenditure payable out of the fund of the Board.