Amendment status not verified — confirm the current text below against the official source.
Budget.—(1) The Chief Executive shall place before the Board each year in the first fortnight of January a Budget showing the probable receipt from the contributions and the expenditure which it proposes to incur during the following financial year. (2) The budget as approved by the Board shall be submitted for sanction to Government within a month of its being placed before the board. (3) Government may make such modification ,in the Budget as they consider desirable before sanctioning it. (4) The Chief Executive may at any time during the year make budgetary re-appropriation of hinds sanctioned in the budget by Government subject to the conditions that: the total amount sanctioned in the budget by Government is not exceeded; and tht finds so re-appropriated are utilised only for meeting such expenses of administration as are to be met from the Administration Account. (5) Every r-appropriation made shall be reported by the Chief Executive to Government and to the Board.