Amendment status not verified — confirm the current text below against the official source.
Budget estimates.—(1) The Board shall on or before the thirty first day of January in each year, hold a special meeting at which the Chief Executive Officer of the Board shall present an estimate of the income and expenditure of the Board for the next financial year, in such form as the Government may specify. (2} A copy of such estimate shall be sent by post or otherwise to each member of the Board so as to reach him not less than ten clear days prior to the date appointed for the special meeting referred to in sub-section (1). (3) The Board shall consider the estimate at such meeting and may provisionally approve it with or without modification. (4) The Board shall, on or before the tenth day of February, cause a copy of such estimate as provisionally approved by it, to bes sent to the Government. i13 (5) The Government may sanction the estimate or may return it with remarks and may call for such additional information as it may deem necessary. > (6) When an estimate is returned under sub-section (5), the Board shall proceed to reconsider the estimate with reference to such remarks and shali furnish such additional information as the Government may call for and shall, if necessary, modify or alter the estimate and resubmit it to the Government. (7) The Government shall sanction the estimate with or without modifications. (8) Where such estimate is not sanctioned by the Government before the commencement of the financial year to which it relates, the Goverment may authorise the Board to incur such expenditure as may be necessary in the opinion of the Government until such time as the approval of the estimate by the Government is communicated to the Board. 81, Preparation of supplementary estimates-—The Board may in the course of any year for which an estimate has been sanctioned by the . Government cause one or more supplementary estimates for the residue of . such year to be prepared and the provisions of section 80 shall, so far as may be, apply to such estimate as if it were an original annual estimate. ‘82. Reappropriation of amount in estimates.—-Subject to any directions which the Government may give in this behalf, any sum of money or part thereof, of which the expenditure has been authorised in an estimate for the time being in force sanctioned, by the Government and which has not been so spent, may at any time be reappropriated by the Board to meet any excess in any other expenditure authorised in the said estimate. - ‘