Electricity Act 2003
Section 99 :
Establishment of Fund by Central Government :
(1) There shall be constituted a Fund to be called the Central Electricity Regulatory Commission Fund and there shall be credited thereto –
(a) any grants and loans made to the Central Commission by the Central Government under section 98;
(b) all fees received by the Central Commission under this Act;
(c) all sums received by the Central Commission from such other sources as may be decided upon by the Central Government.
(2) The Fund shall be applied for meeting –
(a) the salary, allowances and other remuneration of Chairperson, Members, Secretary, officers and other employees of the Central Commission;
(b) the expenses of the Central Commission in discharge of its functions under section 79;
(c) the expenses on objects and for purposes authorised by this Act.
(3) The Central Government may, in consultation with the Comptroller and Auditor-General of India, prescribe the manner of applying the Fund for meeting the expenses specified in clause (b) or clause (c) of sub-section (2).
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