Water (Prevention and Control of Pollution) Act, 1974
38. Fund of Central Board.
(1) The Central Board shall have its own fund,
and all sums which may, from time to time, be paid to it by the Central
Government and all other receipts (by way of gifts, grants, donations,
benefactions fees or otherwise) of that Board shall be carried to the fund of
the Board and all payments by the Board shall be made there from.
(2) The Central Board may expend such sums as it thinks fit for performing its functions under this act, and, where any law for the time being in force relating to the prevention, control or abatement of air pollution provides for the performance of any function under such law by the Central Board, also for performing its functions under
such law and such sums shall be treated as expenditure payable out of the fund of that Board.