Amendment status not verified — confirm the current text below against the official source.
(1) The State Government Audit (Local Fund) shall enforce compliance enforce with the provisions of this Act and the rules made thereunder, compliance to (2 ) The State Government Audit (Local Fund) may oversee the this Act compliance and a suitable mechanism may be notified by the State Government regarding the submission of periodical review reports. (3 ) The State Government shall ensure that the Local Self-Government shall comply with the provisions of the relevant Act and the rules relating to budget and the budget prepared is in accordance with the Medium Term Fiscal Plan already approved and variations, if any, are explained. (4 ) The Local Self-Government shall prepare a budget variance report and submit it to the Controlling Authority within such time and in such* , form as may be prescribed. (5 ) The Local Self-Government shall prepare receipts and payments account, income and expenditure account and a balance sheet as may he prescribed. (6 ) Audit o f accounts o f the Local Self-Government shall be conducted by the auditor appointed under the relevant Acts and the Rules and orders , issued thereunder by the concerned authority and the report shall be submitted to the concerned authorities within the time stipulated. (7 ) The Controlling Authorities shall be responsible to ensure strict follow up action on the audit reports by the Local Self-Government and slackness, if any, noticed in this behalf shall be reported to the State Government for appropriate action against the Local Self-Government in default. (8 ) The State Government may, by notification, constitute a Local Self- Government Fund Audit Overseeing Authority comprising of such officers and having such powers as may he specified in the notification. The Local Self-Government Fund Audit Overseeing Authority shall submit to the State Government periodical report on compliance to audit reports by the Local Self-Government authority, as may be prescribed. (9 ) The Assam Legislative Assembly may by notification, constitute a Local Self-Government Fund Accounts Committee with similar powers and functions as that of Public Accounts Committee of the Assam Legislative Assembly to oversee the outstanding audit ‘paras relating to non-compliance o f this Act. (1 0) The State Government may withhold release of funds to any local self-government authority which fails to furnish accounts to the concerned authority within six months from the end of the financial year. 1996 _ THE ASSAM GAZETTE. EXTRAORDINARY, SEPlEJVJLBttKO. z u n (11) The Local Self-Government shall introduce and strengthen , appropriate internal audit measures and sustainable computerization programme using appropriate technology. FabUcation of financial document and annual report Offences and Penalties Power to make rules