Act Number: 55

Act Name: The Airports Authority of India Act, 1994

Year: 1994

Enactment Date: 1994-09-12

Long Title: An Act to provide for the constitution of the Airports Authority of India and for the transfer and vesting of the undertakings of the International Airports Authority of India and the National Airports Authority to and in the Airports Authority of India so constituted for the better administration and cohesive management of airports and civil enclaves whereat air transport services are operated or are intended to be operated and of all aeronautical communication stations for the purposes of establishing or assisting in the establishment of airports and for matters connected therewith or incidental thereto.

Ministry: Ministry of Civil Aviation

Department:

Section 23: Additional capital and grant to the Authority by the Central Government.
    The Central Government may, after due appropriation made by Parliament, by law in this behalf,--
         (a) provide any capital that may be required by the Authority for the discharge of its functions under this Act or for any purpose connected therewith on such terms and conditions as that Government may determine;
         (b) pay to the Authority, on such terms and conditions as the Central Government may determine, by way of loans or grants such sums of money as that Government may consider necessary for the efficient discharge by the Authority of its functions under this Act.
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