THE TAMIL NADU INFRASTRUCTURE DEVELOPMENT RULES, 2012.

rules · 2012 · Tamil Nadu

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Parent: The TAMIL NADU INFRASTRUCTURE DEVELOPMENT ACT 2012 (c04eb721703d65c02b81fce9195399230bed96dc)

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THE TAMIL NADU INFRASTRUCTURE DEVELOPMENT RULES, 2012. In exercise of the powers conferred by Section 30 of the Tamil Nadu Infrastructure Development Act, 2012 (Tamil Nadu Act 22 of 2012), the Governor of Tamil Nadu hereby makes the following rules:- Short Title, Extent, Application:- (1) These rules shall be called the Tamil Nadu Infrastructure Development Rules, 2012. They shall come into force at once. Definitions:- In these rules, unless the context otherwise requires:- (a) "Act" means the Tamil Nadu Infrastructure Development Act, 2012 (Tamil Nadu Act 22 of 2012); (b) "Annuity" means annual or periodic contract consideration payable by the sponsoring agency to the private sector partner for delivery of services as per the terms and conditions of the Concession Agreement and where the user charges, if any, are levied, collected and retained by the public agency; (c) “Board” means the Tamil Nadu Infrastructure Development Board; (d) “CEO” means Chief Executive Officer of the Board; (e) “Executive Committee” means the Executive Committee of the Board; (f) "Financial Model" means a forecast of the project's outlays and future cash flows including the capital expenditure, operation and maintenance expenses, debt service costs and tax payments and the revenues to be generated, which is developed based on specifically indicated assumptions to facilitate the estimation of financial parameters and to enable an informed investment decision; (g) "Multi sector project" means a project that involves stakeholders from more than one sector as mentioned in Schedule-I of the Act and where responsibility for implementation may not be conveniently assigned to a single public agency dealing with anyone of the sectors, that the Board may specifically declare to be a Multi sector projec

Rule TOC

12 · Intimation of need for Financing and Application for Financing:- (1) At the stage when the Board recommends projects for implementation to the Government under subsection (4) of Section 14 of the Act, the Board shall provide a preliminary indication of the extent and form of state support and specifically support from the Tamil Nadu Infrastructure Development Fund and for this purpose the Board may obtain necessary information from the Sponsoring Agency in such manner as may be prescribed in the Regulations;

13 · Releases from the Tamil Nadu Infrastructure Development Fund:- (1)

14 · Manner of managing the Tamil Nadu Infrastructure Development Fund:- (1) The Tamil Nadu Infrastructure Development Fund shall form part of the public account of the State of Tamil Nadu;

15 · Use of Project Preparation Fund:- (1) The Project Preparation Fund may, in addition to the purposes specified in sub-section (4) of Section 25 of the Act, be used for the following purposes:

16 · Manner of managing the Project Preparation Fund:- (1) The Project Preparation Fund shall be a Fund of the Board;

17 · Recovery of expenditures made through Project Preparation Fund:(1) In every case where the expenditure from the Project Preparation Fund is intended for preparatory activities related to a specific project, the Board shall make a specific determination as to whether the expenditure should be recovered from the tenderers or the successful tenderer or both.

18 · Board may issue further guidelines on Tamil Nadu Infrastructure Development Fund and Project Preparation Fund:- (1) Subject to the provisions of the Act and the Rules, the Board may issue further guidelines on the management and utilization of the Tamil Nadu Infrastructure Development Fund and Tamil Nadu Project Preparation Fund;

19 · Budget of the Board:- (1) The Chief Executive Officer shall prepare a statement of estimated receipts and expenditure from the Tamil Nadu Infrastructure Development Fund, Project Preparation Fund and any other funds for the ensuing financial year along with the revised estimates of receipts and expenditure for the current year and cause such statements to be laid before the Board for its approval;

20 · Annual Report and Accounts:- (1) The Board shall submit an annual report including an audit report to the Government before the end of the second quarter of the next financial year;