Real Estate (Regulation And Development) Act, 2016

Section - 75 - Constitution of Fund

Constitution of Fund.

75. (1) The appropriate Government shall constitute a fund to be called the 'Real Estate Regulatory Fund' and there shall be credited thereto,-

(a)- all Government grants received by the Authority;
(b)- the fees received under this Act;
(c)- the interest accrued on the amounts referred to in clauses (a) to (b);
(2) The Fund shall be applied for meeting-

(a)- the salaries and allowances payable to the Chairperson and other Members, the adjudicating officer and the administrative expenses including the salaries and allowances payable to the officers and other employees of the Authority and the Appellate Tribunal.
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