Section 10. Establishment of the Fund.

(1) After the constitution of the Council, there shall be established a Fund to be called the “The Jammu and Kashmir Road Safety Fund” which shall be non-lapsable. There shall be credited to the Fund–– (a) Grant-in-aid from the State Government ; (b) Grants/loans/advances from the Central Government ; (c) Contribution from public/private institutions or voluntary organizations ; (d) Special cess collected from all types of motor vehicles. (2) Finance Committee shall be constituted which shall scrutinize and recommend budget proposal for the approval of the Road Safety Council. (3) The Government may make the rules for management of the Fund and for the procedure to be followed in respect of payment of money into the said Fund, withdrawal of money therefrom, the custody of money therein and any other matter incidental thereto or connected therewith. (4) The Fund shall be maintained in such manner as may be prescribed.