# The Technology Development Board Act, 1995, Section 9: Fund for Technology Development and Application

- Act: The Technology Development Board Act, 1995 (Act 44 of 1995)
- In force from: 1996-11-01
- Ministry: Ministry of Science and Technology
- Source URL: https://indiacode.ecourtsindia.com/technology-development-board-act-1995/section/9/

## Text

(1) There shall be constituted a Fund to be called the Fund for Technology Development and Application and there shall be credited to the Fund-- (a) any grants and loans made to the Board by the Central Government under section 8; (b) all sums received by the Board 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. (2) The Fund shall be applied for meeting-- (a) expenses on the objects and for the purposes authorised by this Act; (b) salaries, allowances and other expenses of officers and other employees of the Board; and (c) expenses of the Board in the discharge of its functions under this Act.

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