# The Coconut Development Board Act, 1979, Section 13: Constitution of Coconut Development Fund

- Act: The Coconut Development Board Act, 1979 (Act 5 of 1979)
- In force from: 1981-01-12
- Ministry: Ministry of Agriculture and Farmers Welfare
- Source URL: https://indiacode.ecourtsindia.com/coconut-development-board-act-1979/section/13/

## Text

(1) There shall be formed a Fund to be called the Coconut Development Fund and there shall be credited thereto-- 1 * * * * * (b) any grants or 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 including loans under section 14; (d) any grants or donations from State Governments, voluntary organisations or other institutions: Provided that no such grant, loan or donation shall be credited to the Fund except with prior approval of the Central Government. (2) The Fund shall be applied-- (a) for meeting the cost of the measures referred to in section 10; (b) for meeting the salaries, allowances and other remuneration of the members, officers and other employees, as the case may be, of the Board; (c) for meeting the other administrative expenses of the Board and any other expenses authorised by or under this Act; (d) for repayment of any loans.

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