(1) There shall be constituted a Fund to be called the National Fund of the Highways Authority of India Fund and there shall be credited thereto- Authority.
(a) any grant or aid received by the Authority;
(b) any loan taken by the Authority or any borrowings made by it;
(c) any other sums received by the Authority.
(2) The Fund shall be utilized for meeting –
(a) expenses of the Authority in the discharge of its functions having regard to the purposes for which such grants, loans or borrowings are received and for matters connected therewith or incidental thereto;
(b) salary, allowances, other remuneration and facilities provided to the members, officers and other employees of the Authority;
(c) expenses on objects and for purposes authorized this Act.
19. The Authority shall prepare, in such forma and at such time Budget.
in each financial year as may be prescribed, it budget for the next Financial year, showing the estimated receipts and expenditure of The Authority and forward the same to the Central Government.
20. The Authority may invest its funds (including any reserve Investment fund) in the securities of the Central Government or in such other of funds manner as may be prescribed