Amendment status not verified — confirm the current text below against the official source.
Reduction or transfer of budget grants.- (1) The standing committee for 1[taxation, finance and appeals]1 2[or as the case may be, standing committee for taxation and finance]2 may, if it thinks necessary at any time during the year,- (a) reduce the amount of a budget grant; or (b) transfer and add the amount or a portion of the amount of one budget grant to the amount of any other budget grant: Provided that,- (i) due regard shall be had, when making any such reduction or transfer, to all the requirements of this Act; (ii) the aggregate sum of the budget grants contained in the budget estimate adopted by the corporation shall not be increased except by the corporation under section 171; (iii) every such reduction or transfer shall be brought to the notice of the corporation at its next meeting.