10. Fund for Science and Engineering Research. - (1) There shall be constituted a Fund to be called the Fund for Science and Engineering Research and there shall be credited to the Fund- (a) any grants and loans made to the Board by the Central Government under section 9; (b) all sums received by the Board including donations from any other source; (c) recoveries made of the amounts granted from the Fund; and (d) any income from investment of the amount of the Fund.
(2) The Fund shall be applied for meeting- (a) expenses on the object and for the purposes authorised by this Act; (b) salaries, allowances and other expenses of the members, officers and other employees of the Board; (c) remunerations of the consultants and visiting scientists; and (d) expenses of the Board in the discharge of its functions under this Act.
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