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 12: Power to make rules.
    (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act.
     (2) In particular and without prejudice to the generality of the foregoing powers, such rules may provide for all or any of the following matters, namely:--
         (a) specify 1[the type of projects] in respect of which the funds may be disbursed under section 7;
         (b) the manner in which the accounts shall be maintained and the annual statement of accounts may be prepared including the profit and loss account and the balance-sheet under sub-section (1) of section 8;
         (c) the manner in which the schemes for development and maintenance of State roads of interState and economic importance are to be formulated and sanctioned under section 10 2***;
         (d) any other matter for which rule is to be made, or may be, prescribed.
Notes:
1. Subs. by Act 13 of 2018, s. 206 for "the projects" (w.e.f. 1-4-2018)
2. The words and figures "under section 10" omitted by s. 206, ibid. (w.e.f. 1-4-2018).
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