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Section No. 103 : Establishment of Fund by State Government

Sub Section Details
There shall be constituted a Fund to be called the State Electricity Regulatory Commission fund and there shall be credited thereto- (a) any grants and loans made to the State Commission by the State Government under Section 102; (b) all fees received by the State Commission under this Act; (c) all sums received by the State Commission from such other sources as may be decided upon by the State Government.
The Fund shall be applied for meeting - (a) the salary, allowances and other remuneration of Chairperson, Members, Secretary, officers and other employees of the State Commission; (b) the expenses of the State Commission in discharge of its function under Section 86; and (c) the expenses on objects and for purposes authorised by this Act.
The State Government may, in consultation with the Comptroller and Auditor-General of India, prescribe the manner of applying the Fund for meeting the expenses specified in clause (b) or clause (c) of sub-section (2).