Amendment status not verified — confirm the current text below against the official source.
(1) All moneys received for this purpose of the expenditure. Elementary Education Fund shall forthwith be paid into an account opened in the Government Treasury or in a Bank approved by the State Governm ent. (2) No expenditure shall be incuired from the Elementary Education Fund except for the purposes of this Act and unless such expenditure has been provided for in the budget of the Srate Board ap proved by the State Government. Budget. 21 . (1) On receipt of the estimates from the Assistant Secretaries and the District Councils, or otherwise, the State Board shall prepare the annual budget estimates before the commencement of the next financial year at such time and in such manner as may be prescribed# 115 (2) Such budget estimates shall include the probable receipts and expenditure of the year concern ed on account of Elementary Education. (3) The budget estimates as approved by the State Government shall be treated as the final budget of the State Board. (4) The State Board shall be competent to make re-appropriation from one head to another within the approved budget Ac c ounts