Amendment status not verified — confirm the current text below against the official source.
(1) (a) There shall be a fund to be known as the "Regulatory Authority Fund" vested in the Regulatory Authority which shall be utilised by the Regulatory Authority to meet all expenditure in connection with their functions under this Act. The Regulatory Authority Fund shall be drawn from and comprise of,- (i) Consolidated Fund of the State of Assam; (ii) grants made by the Government; (iii) loans obtained from the Government; and 13 (iv) revenues generated by the Regulatory Authority. (b) The expenditure of the Regulatory Authority shall be borne out of the Consolidated Fund of the State of Assam, and through the revenues generated by the Regulatory Authority itself; (c) The Regulatory Authority shall prepare and submit its annual budget along with utilization plans to the State Government two months before the expiry of the financial year for the following financial year in such a manner as may be prescribed by the State Government and the State Government shall dispose of the same within two months of the receipt thereof. (d) The Regulatory Authority shall prescribe and levy reasonable tees and collect the same for the services rendered, documents issued, licenses granted or information provided by it. (e) The schedule of fees prescribed from time to time shall be published, placed in the public domain, displayed prominently in the offices of the Regulatory Authority and given wide publicity. Bankers of the Regulatory Authority.