16. Payment to Authority.—The Central Government may, after due appropriation made by
Parliament, by law, in this behalf, pay to the Authority in each financial year such sums as may be
considered necessary for the performance of functions of the Authority under this Act.
17. Fund of Authority.—(1) The Authority shall have its own fund and all sums which may, from
time to time, be paid to it by the Central Government and all the receipts of the Authority (including any
sum which any State Government or any other authority or person may hand over to the Authority) shall
be credited to the fund and all payments by the Authority shall be made therefrom.
(2) All moneys belonging to the fund shall be deposited in such banks or invested in such manner as
may, subject to the approval of the Central Government, be decided by the Authority.
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(3) The Authority may spend such sums as it thinks fit for performing its functions under this Act,
and such sums shall be treated as expenditure payable out of the fund of the Authority.
18. Budget.—The Authority shall prepare, in such form and at such time each year as may be
prescribed, a budget, in respect of the financial year next ensuing, showing the estimated receipts and
expenditure and copies thereof shall be forwarded to the Central Government.
19. Annual report.—The Authority shall prepare once in every calendar year, in such form and at
such time as may be prescribed an annual report giving a true and full account of its activities during the
previous year and copies thereof shall be forwarded to the Central Government and that Government shall
cause the same to be laid before both Houses of Parliament.
20. Accounts and audit.—(1) The Authority shall cause to be maintained such books of account and
other books in relation to its accounts in such form and in such manner as may, in consultation with the
Comptroller and Auditor-General of India, be prescribed.
(2) The Authority shall, as soon as may be, after closing its annual accounts, prepare a statement of
accounts in such form, and forward the same to the Comptroller and Auditor-General of India by such
date, as the Central Government may, in consultation with the Comptroller and Auditor-General of India,
determine.
(3) The accounts of the Authority shall be audited by the Comptroller and Auditor-General of India at
such times and in such manner as he thinks fit.
(4) The accounts of the Authority as certified by the Comptroller and Auditor-General of India or any
other person appointed by him in this behalf together with the audit report thereon shall be forwarded
annually to the Central Government and that Government shall cause the same to be laid before both
Houses of Parliament.