Act Number: 54

Act Name: The Central Road and Infrastructure Fund Act, 2000

Year: 2000

Enactment Date: 2000-12-27

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Investment and Public Asset Management

Section 9: Powers of Central Government to administer the Fund.
    1[9. Powers of Central Government to administer the Fund.--2[The Central Government shall have the power to administer the Fund and shall--
        (a) take such decisions regarding investment on projects of roads and other infrastructure as it considers necessary;
         (b) take such measures as may be necessary to raise funds for the development and maintenance of roads and other infrastructure.]]
Notes:
1. Subs. by s. 206, ibid., for heading "MANAGEMENT OF CENTRAL ROAD FUND" (w.e.f. 1-4-2018).
2. Subs. by s. 206, ibid, for section 9 (w.e.f. 1-4-2018).
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