Amendment status not verified — confirm the current text below against the official source.
(1:. In framinq a :budqet th6 Municipality visions shall provide for the maintla08 of such .inimum as to c losma be lance (it any) as he Administrator may budqet. by order 1n writing preecri . . ~ , ( 2) Notwi thstahding anythinq contained in this R~llation the budget hf the Municipality shall b3 subject to the! sanction of the AdJninistr.itor and that the ;power to vary or to alter the budget under B~Ctjon (3) of section 65 shall be subject to such lconditions as may be imposed by the Administratot. Revised budget. , " " ' " Expendi ture 68, (1 ) Where a budget has been passed. the not to Municipal ity shall not incur any expenditure exceed under any of the heads of the budget. other than budget a head providing tor the refund of taxes. in allot- excess of the amount ~ under that head, ment, wi thout making provision for such excese by the variatior. of alteration of the budget, ( :2) Where any expendAure under any head providing for the refund of taxes is incurred in excess of the amount pasSed under that head. prov fs ion shall be made WIthout delay for such expenditure .by the variatiqn or alteration of the budqet. . I ;. . ,. -:. ~ CHAPTER1 VlI MUNI<:IPAL FINANCE. PROtERTY AND TAXATION ~ A. MUNICIPAL FINANCE ~ ._ . Municipal 6~. ( 1) There shall' be tonaed for each Fund. MUnlClpaHty a fund to be called the Municipal fund. end there shall ~ placed to the credit thereof, t a) the proceeds of 411 taxes. fines (other than the fines imposed by a court). penalties and tOOH levied under this Regulation; (b) all 8UlllS received by; or on behalf of. the MunlClpality under this Regulation; ~ (c) all sums transfe::Ted or carried to the credit of the Municipality under any of the provtsnone of the Regulations or any other law for the time being in farce; . '"' ", . , ' 40 . 11iE ANDAMAN AND NICOEAR EXTRAORDINARY GAZEITE, }).EX:. 8, 1994 (d) all rents and profit,s, 4ccruin~ from p!Operty vested in the Municipality or managed by It; and . I , ~ , (~) all sums assigned. to the F~d by tho ~dmlnlstrator or by any other authorlty and all sums ~ontributed th~~to by any 'coommittee, authonty or private person. (2) The MWlicipal Fund shall vest in Municipality, and the balance at its credit shall be kept in the Sto,te Bo.nk of India, or with the previous sanction of the Administrator in any 'Schedul~d bank has defined in the Reserve Bank of India Act, 1934: Provided that any portion of such balance may, with the previous senct icn of the Administrator be hept in the Post Office Saving Bank. or be invested in such I Government Securities as may be approved by the Administrator; Provided fur t.her tl\at such sum, not exceeding an 'amount specit ied . in this behalf by the Administrator as is required for day to day expenses of a Municipality may be kept by the MuniciPality at ':.he Mwlicipal office in sa.fe 'custody.