15. Constitution of Fund
(1)
There shall be formed by the Board a Fund to be called the Coir Fund and there shall be credited thereto—
(a)
the proceeds of the cess made over to the Board by the Central Government;
(b)
any other fee that may be levied and collected under this Act or the rules made thereunder;
[(c) any sum of money that may be paid by way of grants under section 14A.]
(2)
The Fund shall be applied towards meeting the expenses of the Board and the cost of the measures referred to in section 10.
Amendment notes (1)
- Ins w.e.f. 16-6-1964 Ins. by s. 5, ibid. (w.e.f. 16-6-1964).