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01/07/2022
Laws of Bangladesh

The Chittagong Port Authority Ordinance, 1976

( Ordinance NO. LII OF 1976 )

Chapter V

FINANCE

Authority Fund
35. (1) There shall be formed a fund to be known as the Chittagong Port Authority Fund which shall vest in the Authority and shall be utilised by the Authority to meet the charges in connection with its functions under this Ordinance, including the payment of salaries and other remuneration to the Chairman, members, officers and other employees of the Authority.
 
 
 
 
(2) To the credit of the Chittagong Port Authority Fund shall be placed-
 
 
 
 
(a) grants made by the Government;
 
 
 
 
(b) loans obtained from the Government;
 
 
 
 
(c) grants made by local authorities;
 
 
 
 
(d) sale proceeds of movable and immovable property and receipts for services rendered;
 
 
 
 
(e) loans obtained by the Authority with the special or general sanction of the Government;
 
 
 
 
(f) foreign aids and loans obtained from any source outside Bangladesh with the sanction of, and on such terms as may be approved by, the Government;
 
 
 
 
(g) proceeds of all charges and recoveries made under the Ports Act, 1908 (XV of 1908), and the provisions of this Ordinance; and
 
 
 
 
(h) all other sums receivable by the Authority.

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