Amendment status not verified — confirm the current text below against the official source.
(1 ) Th e moneys credited to the General Account under section 73 shall be P-pplicat.iou OJ fl~rJicd by the Board in payment of the tollowing charges, namely :- moneys ~n Genera 1 Account . (0) the interest and instdments of principel d.ve in respect of any loan that may have been raised or obtained by the Board or for the repaynexlt oi which the Board may be liable and payments to the sinking fund established for such loan ; (b) the salaries, fees, remunerations, a!lowsnces, pensi~r~s, gratuities, compassionate allowances or other moneys due to- (i) the Chairman, and other members of the Board, (ii) the employees of the Board, and (iii) the surviving relatives, if any, of such employees ; (c) the contribution, if :my, payable to the Central ~ovmnment or any State Government on account of the pension and leave allowan~o of any officer lent to the Board by such Government; (d) the cost and expenses, if any, incurred by the Bor.rrd in tho conduct and administration of any provident or welfare fund or loan or special fund astablished by the Board ; (e) the contributions, if any, duly authorised to be made by regulations mhde under this Act to any such fund as is referred to in clause (d) ; (f) such sums as may, from time to time, be agreed upon by the Board - ( . .. ; f , I . and the Government or the Centla1 Government or any other authority, as a reasonable contribution payable by tha Board towards the expenses in oonnection 'l with the watch and ward functions of the Police Force or the Cieatral Industrial Security Force or any other Force which khe Government or the Central Government or any other authority as the case may be, may establish and maintain for the protection of the port and the docks, warehouses and other property of the Board; I (g) the cost of repairs and maintananca of the property belonging to or vested in the Board btld all charges upon the same and all work~ng expenses ; (h) the cost of the execution and provision of any new work or appliance specified in section 25 which the Board may determine to charge to renew ; (i) any expenditure incurred under section 26 ; (1) any other expenditure which may be incurred by the Board generally for tho purposes of this Act ; (k) any other charge whkh may, on the ap~lication of the Board or otherwise, be specifically sanctioned by the Government or for which the Board may be legally liablt:. (2) All moneys standing at the credit of the Board which cannot immediately be applied in the manner or for the purposes specified3n sub-section (1) shall- (a) be deposited in the State Bank of India or in any corresponding.new bank as defined m dause (d) of section 2 of the Bznking Coppanies (Acqui~~on and transfcs of Undertaking) Aot, 1970 as the Board may decide, or ( h ~ he invcsted in such public securities es mzy be determined by the Board a d the srid sea~ritia shall be held in trust b) the Board for the puro6,ses of tlrls Ast, oi' fd k ;mu- & ~ C I I ~ d iw hws- - 34 TAMIL NADU GOVERNMENT GAZETTE EYTRAORDTMA RY -- -- --- - -- ---- -- - Power to