(1) There shall be constituted a Fund to be called the National Highways Authority of India Fund and there shall be credited thereto--
(a) any grant or aid received by the Authority;
(b) any loan taken by the Authority or any borrowings made by it;
(c) any other sums received by the Authority.
(2) The Fund shall be utilised for meeting--
(a) expenses of the Authority in the discharge of its functions having regard to the purposes for which such grants, loans or borrowings are received and for matters connected therewith or incidental thereto;
(b) salary, allowances, other remuneration and facilities provided to the members, officers and other employees of the Authority;
(c) expenses on objects and for purposes authorised by this Act.
(a) any grant or aid received by the Authority;
(b) any loan taken by the Authority or any borrowings made by it;
(c) any other sums received by the Authority.
(2) The Fund shall be utilised for meeting--
(a) expenses of the Authority in the discharge of its functions having regard to the purposes for which such grants, loans or borrowings are received and for matters connected therewith or incidental thereto;
(b) salary, allowances, other remuneration and facilities provided to the members, officers and other employees of the Authority;
(c) expenses on objects and for purposes authorised by this Act.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Constitution of the Authority.Section 4 · Term of office and conditions of service of members.Section 5 · Disqualifications for appointment as member.Section 6 · Eligibility of member for reappointment.Section 7 · Meetings.Section 8 · Vacancy in the Authority not to invalidate proceedings.India Code, Government of India. Text fetched 26 Oct 2026. Source metadata reports last modification: 2025-11-07. Check the linked official text and subsequent notifications when applying a provision.