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Home Acts & Rules Bill Bills FINANCE (No. 2) BILL, 2019 Chapters List Part X AMENDMENTS TO THE CENTRAL ROAD AND INFRASTRUCTURE FUND ACT, 2000 This
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Clause 182 - Amendment of section 10. - FINANCE (No. 2) BILL, 2019

FINANCE (No. 2) BILL, 2019
Part X
AMENDMENTS TO THE CENTRAL ROAD AND INFRASTRUCTURE FUND ACT, 2000
  • Contents

PART X

AMENDMENTS TO THE CENTRAL ROAD AND INFRASTRUCTURE FUND ACT, 2000

Amendment of section 10.

182. In the Central Road and Infrastructure Fund Act, 2000 (hereafter in this Part referred to as the principal Act), in section 10, in sub-section (1),––

(a) for clause (iv), the following clause shall be substituted, namely:––

“(iv) formulation of criteria for allocation of funds for development and maintenance of State road projects including the projects of inter-State and economic importance;”;

(b) clauses (v) and (vii) shall be omitted.

 



 

Notes on Clauses:

Clause 182 of the Bill seeks to amend section 10 of the Central Road and Infrastructure Fund Act, 2000 relating to functions of the Central Government. It is proposed to amend clause (iv) of subsection (1) of the said section for formulation of criteria for allocation of funds for development and maintenance of state road projects including the projects of inter-State and economic importance.

It is proposed to omit clause (v) of sub-section (1) of said section 10 which provides for release of funds to the States for specific projects and monitoring of such projects and expenditure incurred thereon, and clauses (v) and (vii) of said sub-section to omit.

clause (vii) of said sub-section which provides for allocation of share of funds to each State and Union territory specified in the First Schedule to the Constitution.

 
 
 
 
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