Section 28. Fund.

(1) There shall be constituted a Fund to be called the National Sports Board Fund and there shall be credited thereto--- (a) all grants, fees and charges received by the Board under this Act; and (b) all sums received by the Board from such other sources as may be decided upon by the Central Government. (2) The Fund constituted under sub-section (1) shall be applied for meeting--- (a) the salaries and allowances payable to the Chairperson and Members of the Board and the administrative expenses including the salaries and allowances payable to or in respect of officers and other employees of the Board; and (b) all other expenses for meeting the objects and for the purposes authorised by this Act.