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The Science and Engineering Research Board Act, 2008

10. Fund for Science and Engineering Research. -

1.   There shall be constituted a Fund to be called the Fund for Science and Engineering Research and there shall be credited to the Fund-

a.   any grants and loans made to the Board by the Central Government under section 9;

b.   all sums received by the Board including donations from any other source;

c.   recoveries made of the amounts granted from the Fund; and

d.   any income from investment of the amount of the Fund.

1.  

2.   The Fund shall be applied for meeting-

a.   expenses on the object and for the purposes authorised by this Act;

b.   salaries, allowances and other expenses of the members, officers and other employees of the Board;

c.   remunerations of the consultants and visiting scientists; and

d.   expenses of the Board in the discharge of its functions under this Act.



The Science and Engineering Research Board Act, 2008 Back




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