Amendment status not verified — confirm the current text below against the official source.
(1) This Act may be called the Assam Local Sclf-Govemmeht Fiscal Responsibility Act, 2011. (2) I t extends to the Local Self-Governments constituted under Part IX and IX-A of the Constitution o f India as may be notified by the State Government from time to time. (3) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint. .2. In this Act, unless the context otherwise requires, - (a) “Local Self-Government Fund” means the revenue administered by Panchayati Raj Institutions and Urban Local Bodies constituted under Part IX and IX-A o f the Constitution of India and created by the State Government for Panchayats at the District, Intermediate and Village levels in terms of Article 243H (d) of the Constitution and for Municipalities in terms of Article 243X (d) of the Constitution; (b) “Local Self-Government” means the Panchayati Raj Institutions and Urban Local Bodies constituted under Part IX and IX-A o f the Constitution of India; (c) “accounting standard” means such accounting standards in respect of Local Self-Governments, as may be prescribed; (d) “annual budget” means the budget placed before the Local Self- Government concerned as per the relevant Acts or the rules made thereunder; (e) “budget variance” means the difference between the budgeted amount and the actuals for the financial year; (f) “Controlling Authority” means any officer appointed as controlling authority by the State Government for the purpose of this Act and different controlling authorities may be appointed in respect of different Local Self-Governments; (g) “current year” means the year preceding the year for which budget and Medium Term Fiscal Plan (MTFP) being presented; (h) “fiscal indicators” means such measures as may be prescribed, for evaluation of fiscal position o f Local Self-Governments; A -_____ THE ASSAM GAZETTE. EXTRAORDINARY SEPTEMBER 6.2011 1993 Medium Term Fiscal Plan Financial Management Principles (i) “previous year” means the year preceding the current year; 0) “State Goveirsnisasi'* means the State Government of Assam in the Finance Department.