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 14: Provisions relating to existing Central Road and Infrastructure Fund.
    14. Provisions relating to existing Central 1[Road and Infrastructure Fund].--With effect from the appointed day the Central Road Fund governed by the Parliamentary Resolution dated the 13th May, 1988 (hereafter referred to in this section as the existing Fund) shall be deemed to be the Fund established under this Act and,--
         (a) all schemes relating to development and maintenance of national 2[highways, State roads and other infrastructure] sanctioned under the existing Fund in so far as such schemes are relatable to the schemes under this Act, shall be deemed to be the schemes sanctioned under this Act;
         (b) all funds accrued under the existing Fund including assets and liabilities shall be transferred to the Fund established under this Act.
Notes:
1. Subs. by Act 13 of 2018, s. 206, for "road Fund" (w.e.f. 1-4-2018).
2. Subs. by s. 206, ibid, for "highways and State roads" (w.e.f. 1-4-2018).
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