Amendment status not verified — confirm the current text below against the official source.
(1) Where in the opinion of the Board, circums- tances of extreme urgency have arisen it shall be law- ful for the Board to make in any year,- (a) recurring expenditure not exceeding ·wenty- five thousand rl'pees, (b) non-recurring expenditure not exceeding one lac of rupees. / Subvention and loans to the :Board. 30 (2) Where any sum is expended under circum.: ,,.. stances of extreme ungency as provided in sub-section- (1), a report thereof indicating the source from which it is proposed to meet the expenditure shall be made by the Board as soon as practicable to the State Govern-_ ment.