Amendment status not verified — confirm the current text below against the official source.
(1) Every contract shall be made on behalf of the Board by the Chairman : Provided that- (a) no contract involving an expenditure of rupees twenty lacs and more shall be made without the previous sanction of the State Government ; (b) no contract involving an expenditure of five thousand rupees and more shall, subject to clause (a) above, be made without the previ- ous sanction 0£ the Board. (2) Sub-section (1) shall apply to every variation or abandonment of a contract or estimate as well as to an original contract or estimate. ~~~~~~;iop:wer ofto