Amendment status not verified — confirm the current text below against the official source.
'Execution of contracts and approval of estimates.-( I) With respect to the making of such contracts, the following provisions shall apply. namely:- ( a) every contract shall be made on behalf of the Boa.rd by the Chairman; (b) no contract for any purpose which, in accordance with any provision of this Act, the Chairman may not carry out w1thout the sanction of any other authority or authorities shall be made by him unless such sanction has been given; (c) no contract involving an expenditure exceeding ten thousand but not exceedmg fifty thousand rupees l>hall be matle by the Chairman unless it ha! been sanctioned by the Board; (d) no contract involving an expenditure exceeding fifty thousand rupees l>hall be made by the Chairman unless it has been sanctwned both by the Board and by the Government; (e) every contract made by the Chairman involving 1111 expendi• ture exceeding one thousand but not exceeding ten thousand rupees shall he reported to the Board w1thin fifteen dnys after it has been madr. (2} Every estimate for the expenditure of any sum fhr carrying out any of the purposes of this Act shall be subject to the approval of the authority or authorities empowered under sub-section (I) to make. or, as the case may be, to sanction the making of, n contract for a like purpose and involving the expenditure of a like sum. 34/4095 • r • 18 (3) Sub-sections (I) and (2) shall apply to every variation or abandonment of a contract or estimate, as well as to an original contract or estimate.