The Assam Local Self-Government Fiscal Responsibility Act, 2011
assam · 2011
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1(1) This Act may be called the Assam Local Sclf-Govemmeht Fiscal Responsibility Act, 2011
- S. 2—
- S. 3Section 3 mandates preparation and approval of a five-year Medium Term Fiscal Plan for each Local Self-Government in Assam.
- S. 4Every Local Self-Gc vemres'-t shall be guided by the following financial management principles, rntsely
- S. 5Section 5 mandates local self-governments to ensure fiscal transparency, prepare annual budgets, and disclose contingent liabilities.
- S. 6Section 6 regulates appointment and financial procedures for the Assam Local Self-Government to ensure proper management of current liabilities and state approval for new posts.
- S. 7Section 7 mandates the State Government Audit (Local Fund) to enforce compliance with the Act and oversee financial reporting and auditing for local self-governments.
- S. 8Section mandates Local Self-Governments to publish fiscal plans and submit annual reports to the State Government for legislative assembly presentation.
- S. 9Section 9 outlines penalties and procedures for offenses against the Assam Local Self-Government Fiscal Responsibility Act, 2011.
- S. 10Section 10 allows the State Government to create rules for the Act and requires them to be presented to the Assam Legislative Assembly for review.
- S. 11—
- S. 12Section 12 protects state and local government officials from legal actions for actions taken in good faith under the Act.
- S. 13Section 13 allows the Assam State Government to issue orders to resolve Act implementation issues, but only within two years of the Act's commencement.
- S. 14—
- S. 15—
- S. 16—
- S. 17Year-End Debt Outstanding (a+b) (a) Loan from the State G ovt
- S. 18Year-end Govt