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Act54
Enacted 2000

The Central Road and Infrastructure Fund Act, 2000

In force 16 sections Finance

An Act to give statutory status to the existing Central Road Fund governed by the Resolution of Parliament passed in 1988, for development and maintenance of national highways and improvement of safety at railway crossings, and for these purposes to levy and collect by way of cess, a duty of excise and duty of customs on motor spirit commonly known as petrol, high speed diesel oil and for other matters connected therewith.

Act 54 of 2000 Enacted 27 Dec 2000 In force 01 Nov 2000 Department Department of Economic Affairs

Administered by. Ministry of Finance, Department of Economic Affairs · Other Acts of 2000

Preamble

THE CENTRAL ROAD AND INFRASTRUCTURE FUND ACT, 2000

ACT NO. 54 OF 2000

[27th December, 2000.] An Act to give statutory status to 1[the Central Road and Infrastructure Fund for development and maintenance of National Highways, railway projects, improvement of safety in railways, State and rural roads and other infrastructure, and for these purposes to levy and collect by way of cess, a duty of excise and a duty of customs on motor spirit commonly known as petrol and high speed diesel oil] and for other matters connected therewith.

BE it enacted by Parliament in the Fifty-first Year of the Republic of India as follows:--

What this Act covers

Summary of Central Road Fund Act, 2000

Key Provisions Review:

1. Grants and Loans: - Cross-Reference with New Context: While not directly amending the Central Road Fund Act, the new context highlights similar provisions for a different fund, indicating a potential parallel in financial management practices across different legislative acts.

2. Establishment of the Fund: - No Change

3. Utilisation of the Fund: - No Alteration.

4. Management and Administration: - Indirect Insight from New Context (Sections 75, 76, 77 of another Act): Emphasizes the importance of fund management, auditing, and reporting across similar legislative frameworks, though no direct amendments to the Central Road Fund Act are noted.

5. Accounts and Audit: - Reinforced by New Context (Section 77 of another Act): Highlights the role of the Comptroller and Auditor-General of India in auditing, applicable across various funds.

Sections

Type to filter. 16 sections.

  1. 1Short title, extent and commencement
  2. 2Definitions
  3. 3Levy and collection of cess
  4. 4Crediting of cess to Consolidated Fund of India
  5. 5Grants and loans by the Central Government
  6. 6Establishment of Central Road and Infrastructure Fund
  7. 7Utilisation of the Fund
  8. 7AApportionment of share of fund by Committee
  9. 8Accounts and audit
  10. 9Powers of Central Government to administer the Fund
  11. 10Functions of the Central Government
  12. 11Administration of States' share of the Fund
  13. 12Power to make rules
  14. 13Rules made under this Act to be laid before Parliament
  15. 14Provisions relating to existing Central Road and Infrastructure Fund
  16. 15Repeal and saving

Schedules

This Act has 2 schedules. A schedule is published as a document of its own; the text is reproduced on its page where it has been read, and the document is mirrored here either way.

Rules made under this Act

3 sets of Rules. India Code publishes Rules as a record and a document rather than as text, so these are indexed here and not reproduced. All Rules.

  • Central Road Fund (State Roads) Amendment Rules, 2016.2017
  • Central Road Fund (State Roads) Amendment Rules, 2017.2017
  • Central Road Fund (State Roads) Rules, 2014.2014

Related Acts

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 16 sections of this Act has its own page. This page is not a substitute for legal advice.