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Amendment of Act 54 of 2000.- Apportionment of share of fund by Committee.

Clause 203 - Bills - AMENDMENTS TO THE CENTRAL ROAD FUND ACT, 2000 - FINANCE BILL, 2018 - Clause 203 - 203. Amendment of Act 54 of 2000. In the Central Road Fund Act, 2000,- (a) in the long title, for the words and figures the existing Central Road Fund governed by the Resolution of Parliament passed in 1988 for development and maintenance of National Highways and improvement of safety at railway crossing, and for these purposes levy and collect by way of cess, a duty of excise and a duty of cus .....

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, for the words Central Road , the words Central Road and Infrastructure shall be substituted; (c) in section 2, - (i) in clause (c), for the words Road Fund , the words Road and Infrastructure Fund shall be substituted; (ii) clause (e) shall be omitted; (d) in Chapter II,- (i) for the heading, the following heading shall be substituted, namely:- CENTRAL ROAD AND INFRUSTRUCTURE FUND ; (ii) in section 3,- (A) for the word Schedule , wherever it occurs, the word and figure Schedule I shall be subs .....

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109 and sub-section (1) of section 110, as the case may be, of the Finance Act, 2018 shall be deemed to be the cess for the purposes of this Act from the date of its levy and the proceeds thereof shall be credited to the Fund. ; (e) in section 6,- (i) in the marginal heading, for the words Road Fund , the words Road and Infrastructure Fund shall be substituted; (ii) in sub-section (1), for the words Road Fund , the words Road and Infrastructure Fund shall be substituted; (f) section 7 shall be r .....

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the expression infrastructure projects means the category of projects and infrastructure Sub-Sectors specified in Schedule II. ; (B) after sub-section (1), as so renumbered, the following sub-sections shall be inserted, namely:- (2) The Central Government may, depending upon the requirement for development of infrastructure projects, and if it considers necessary or expedient to do so, by notification in the Official Gazette, amend Schedule II relating to any Category of projects or Infrastruct .....

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es agree that the notification should not be made, the notification shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that notification. ; (g) after section 7, the following section shall be inserted, namely:- Apportionment of share of fund by Committee. 7A. The share of the Fund to be apportioned to each of infrastructure .....

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shall- (a) take such decisions regarding investment on projects of roads and other infrastructure as it considers necessary; (b) take such measures as may be necessary to raise funds for the development and maintenance of roads and other infrastructure. ; (j) in section 10, in sub-section (1),- (A) in clause (i), for the words national highways , the words roads and other infrastructure shall be substituted; (B) clause (iii) shall be omitted; (C) for clauses (v) and (vi), the following clauses .....

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enance of roads shall be allocated in such manner as may be decided by the Committee referred to in section 7A. ; (l) in section 12, in sub-section (2), - (i) in clause (a), for the words the projects , the words the type of projects shall be substituted; (ii) in clause (c), the words and figures under section 10 shall be omitted; (m) in section 14,- (i) in the marginal heading for the words road Fund , the words Road and Infrastructure Fund shall be substituted; (ii) in clause (a), for the word .....

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ding Capital Dredging); (c) Shipyards (including a floating or land-based facility with the essential features of waterfront, turning basin, berthing and docking facility, slipways or ship lifts, and which is self-sufficient for carrying on shipbuilding/repair/ breaking activities); (d) Inland Waterways; (e) Airports; (f) Railway Track, tunnels, viaducts, bridges, terminal infrastructure including stations and adjoining commercial infrastructure; (g) Urban Public Transport (except rolling stock .....

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channels, embankments, etc.); (f) Storm Water Drainage System; (g) Slurry pipelines. 4. Communication (a) Telecommunication (Fixed network including optic fibre/wire/cable networks which provide broadband/internet); (b) Telecommunication towers; (c) Telecommunications and Telecom Services. 5. Social and Commercial Infra (a) Education Institutions (capital stock); (b) Sports and Infrastructure (including provision of Sports Stadia and Infrastructure for Academies for Training/Research in Sports .....

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