Authority Fund
19. (1) There shall be a fund to be known as the “Authority Fund” vested in the Authority which shall be utilised by the Authority to meet charges in connection with their functions under this Ordinance including the payment of salaries and other remunerations to the Chairman and Members of the Authority and to their officers and servants.
(2) The Authority Fund shall consist of-
(a) grants made by the Government;
(b) loans obtained from the Government;
(c) tolls, taxes or fees in respect of the following items:-
(i) inland waterways and the traffic thereon,
(ii) shipping and navigation on tidal waters,
(iii) goods and passengers carried on inland waterways,
(iv) boats, launches and steamers on inland waters,
(v) tolls for maintenance of navigable waterways,
(vi) terminal taxes and other dues at inland ports,
And
(vii) fees for river conservancy works and pilotage services:
Provided that the following shall not form part of the Authority Fund:-
(i) fees levied under Chapter II and III of the [
Inland Shipping Ordinance, 1976].
(ii) taxes reserved for specified purposes.
[(cc) The Government may empower the Authority to realise any or all of the tolls, taxes or fees specified in clause (c) of this sub-section.]
(d) sale-proceeds of bonds issued under the authority of the Government;
(e) loans or grants obtained by the Authority with the special or general sanction of the Government;
(f) foreign aid and loans obtained from the Development Loan Fund or the International Bank of Reconstruction and Development or otherwise, with the sanction of, and on such terms and conditions as may be approved by the Government; and
(g) all other sums received by the Authority.
(3) The Government may levy tolls, taxes, fees or charges, in respect of all or any of the items, as specified in clause (c) of sub-section (2), at such rate and in such manner as are and/or as may be prescribed.