Section 5 of The Central Road and Infrastructure Fund Act, 2000 — Grants and loans by the Central Government
Bare section text
Official Legislative Text
The Central Government may, after due appropriation made by Parliament by law in this behalf, credit by way of grants or loans such sums of money as the Central Government may consider necessary in the Fund.
Educational Study Layer
Summary
- The Central Government has the power to put additional money into the road fund as grants or loans.
- These additional grants or loans can only be made after Parliament passes a law approving the appropriation of those sums.
- The Central Government has the discretion to decide the amount of money it considers necessary to add to the Fund.
Practical examples
FAQ
1. Can the Central Government put extra money into the Fund other than the cess tax?
Yes, the Central Government can credit additional sums of money to the Fund as grants or loans.
2. Does the government need permission from Parliament to make these grants or loans?
Yes, these grants or loans can only be made after a due appropriation is made by Parliament by law.
3. Who determines how much money should be given as a grant or loan under this section?
The Central Government decides whatever sums of money it considers necessary to put into the Fund.
Practice Quiz
Q1.What forms of financial aid can the Central Government credit to the Fund under Section 5?
Q2.What is required before the Central Government can credit grants or loans to the Fund under Section 5?
Q3.Who decides the exact sum of money to be credited to the Fund as a grant or loan under Section 5?
Q4.To which specific fund are the grants or loans under Section 5 credited?
Q5.Can the government make these grants or loans without Parliament passing an appropriation law first?