Amendment status not verified — confirm the current text below against the official source.
(10) The State Government may, by a deed of lease, transfer, on terms and conditions as may be decided by the State Government, to the Authority, any developed or 40 झारखÖड गजट (असाधारण) शुĐवार, 22 जनवरȣ, 2016 undeveloped land vested in the State of Jharkhand for the purpose of development or use in accordance with the provision of this Act. (11) If any land so placed at the disposal of the Authority under sub section (10) is required at any time by the State Government, the Authority shall restore it to the State Government. (12) Any money due to the Authority on account of fees, rent or charges, or disposal of land, building or other properties, moveable and immoveable, or by way of rents and profits, may be recovered by the Authority as arrears of land revenue under the State Public Demands Recovery Act, 1914. (13) The Authority may, with the prior approval of the State Government, by a Resolution published in the Official Gazette, make Regulations to carry out the purposes of this Act. 9 (1) The Authority shall have its own funds, to which shall be credited the following and all payment of the Authority shall be made therefrom : Funds of the Authority a) All moneys received by the Authority from the State Government by way of grants, loans advances or otherwise; b) All fees, rents, charges, levels and fines received by the Authority under this Act; c) All moneys received by the Authority from disposal of its moveable and immoveable assets; d) All moneys received by the Authority by way of loan from financial and other institutions and debentures floated for the execution of a scheme or schemes of the Authority duly approved by the State Government. e) The authority can collect fund through private sources like donation, private loan etc. f) The revenue generated through government and non-government sources will be managed under financial rule. (2) The Authority shall have power, subject to the provisions of this Act, to spend such sums as it thinks fit to cover all administrative expenses of the Authority and on object or for purposes authorised by this Act and such sums shall be treated as expenditure out of the funds of the Authority. (3) All money standing at the credit of the Authority which cannot immediately be applied as provided in sub-section (2) shall be deposited in P/L Account. 41 झारखÖड गजट (असाधारण) शुĐवार, 22 जनवरȣ, 2016 10 (1) The Authority shall prepare a budget every year in respect of the financial year next ensuing, showing the estimated receipts and expenditures of the Authority and shall forward it to the State Government such number of copies thereto as may be prescribed by Rules and the State Government may issue any directive as may be considered expenditure for the purpose of this Act. Budget, Accounts and Audit (2) The Authority shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the profit and loss account and the balance sheet in such form as may be prescribed by the Government. (3) The accounts of the Authority shall be audited annually by the Internal Audit Section under the Finance Department, Jharkhand and any expenditure incurred by it in connection with such audit shall be payable by the Authority to the Internal Audit Section under the Finance Department, Jharkhand and the Authority shall forward the same to the Department. (4) The Internal Audit Section under the Finance Department, Jharkhand shall have the same rights, privileges and authority in connection with such audit as Accountant General of Jharkhand has in connection with the audit of Government accounts and in particular, shall have the right to demand the production of books, accounts, connected vouchers, documents and papers of the Authority. (5) The accounts of the Authority as certified by the Internal Audit Section under the Finance Department, Jharkhand together with the audit report thereon shall be forwarded annually by the Authority to the Department.