14. Grants and loans by Central Government.—(1) The Central Government may, after due
appropriation made by Parliament by law, in this behalf, make to the Board grants and loans of such sums
of money as that Government may consider necessary.
(2) There shall be constituted a fund to be called the Jute Board Fund and there shall be credited
thereto—
(a) any grants and loans made to the Board by the Central Government;
(b) all sums received by the Board from such other sources as may be decided upon by the
Central Government.
(3) The Fund shall be applied for meeting—
(a) salary, allowances and other remuneration of the members, officers and other employees of
the Board;
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(b) expenses of the Board in the discharge of its functions; and
(c) expenses on objects and for purposes authorised by this Act.
15. Budget.—The Board shall prepare in such form and at such time during each financial year, as
may be prescribed, its budget for the next financial year, showing the estimated receipts and expenditure
of the Board, and forward the same to the Central Government.
16. Annual report.—The Board shall prepare in such form and at such time, each financial year, as
may be prescribed, its annual report, giving a full account of its activities during the previous financial
year and submit a copy thereof to the Central Government.
17. Accounts and audit.—The accounts of the Board shall be maintained and audited in such manner
as may, in consultation with the Comptroller and Auditor-General of India, be prescribed and the Board
shall furnish to the Central Government before such date, as may be prescribed, an audited copy of its
accounts, together with the auditor's report thereon.
18. Laying of annual and auditor’s report before Parliament.—The Central Government shall
cause the annual report and auditor's report to be laid, as soon as may be after they are received, before
each House of Parliament.