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Section 17: Constitution of the Tobacco Fund.

The Tobacco Board Act, 1975Central Act · Act 4 of 1975

(1) There shall be formed a Fund to be called the Tobacco Fund and there shall be credited thereto--

(a) the fees levied and collected under this Act or the rules made thereunder;

(b) any sums of money paid or any loans granted by the Central Government for the purposes of this Act;

(c) any grants or loans that may be made by any person for the purposes of this Act;

(d) the sums, if any, realised by the Board in carrying out the measures referred to in section 8.

(2) The Fund shall be applied--

(a) for meeting the cost of the measures referred to in section 8;

(b) for meeting the salaries, allowances and other remuneration of the officers and other employees of the Board;

(c) for meeting the other administrative expenses of the Board;

(d) for repayment of any loans.

Where this provision sits

ActThe Tobacco Board Act, 1975
Section17
Marginal noteConstitution of the Tobacco Fund.
JurisdictionCentral
StatusIn force as published by the source

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