(1) There shall be constituted a fund to be called the ‘Urban Transport Fund’ for each Authority.
(2) The following shall be credited to the Fund, namely:—
(a) grants, advances and loans sanctioned and funds received through allocations, including budgetary allocations, by the Central Government or the State Government to the respective Authority;
(b) subject to the provisions of any other law for the time being in force,—
(i) any fine imposed and realised and compounding fee collected under this Act;
(ii) compounding fee collected by departments concerned, in cases of traffic violations detected through Intelligent Transport System and reported by the Authority;
(c) fees and user charges available to the Authority under section 16;
(d) any user fees or charges, prescribed by rules, to collect from the Urban Mobility Area under this Act;
(e) Special Project Specific Viability Gap Funding as may be allocated by the State Government;
(f) any other amount legally received by the Authority.
(3) No amount shall be paid to the Fund or applied from and out of the Fund, except in such manner and subject to such conditions as may be prescribed by rules.
36 This is a digitally signed Gazette.
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(4) The Fund shall be held and administered by the Chief Executive Officer of the Authority, subject to general or special directions as may be issued by the State Government from time to time.