Section 10
Jute Fund.
The Jute Manufactures Development Council Act, 1983
About this Act
An Act to provide for the establishment of a Council for the development of production of jute manufactures by increasing the efficiency and productivity in the jute industry, the financing of activities for such development and for matters connected therewith.
(1) There shall be formed a Fund to be called the Jute Fund and there shall be
credited thereto--
(a) any fees that may be levied and collected under this Act or the rules made thereunder;
(b) any sums of money paid or any grants or loans granted by the Central Government for the purposes of this Act;
(c) any grants or loans that may be made by any person for the purposes of this Act.
(2) The Fund shall be applied--
(a) for meeting the cost of the measures referred to in section 7;
(b) for meeting the salaries, allowances and other remuneration of the officers and other employees of the Council;
(c) for meeting the other administrative expenses of the Council;
(d) for repayment of any loans.
(a) any fees that may be levied and collected under this Act or the rules made thereunder;
(b) any sums of money paid or any grants or loans granted by the Central Government for the purposes of this Act;
(c) any grants or loans that may be made by any person for the purposes of this Act.
(2) The Fund shall be applied--
(a) for meeting the cost of the measures referred to in section 7;
(b) for meeting the salaries, allowances and other remuneration of the officers and other employees of the Council;
(c) for meeting the other administrative expenses of the Council;
(d) for repayment of any loans.