Amendment status not verified — confirm the current text below against the official source.
Budget estimate “E” to be prepared by 3[Educational Committee].— (1) The 4[Education Committee] shall on or as soon as may be after each 5[fifth day of February] consider the estimates of 6[the Commissioner] and after having obtained 7[from the Commissioner] such further information, if any, as they shall think fit to require and having regard to all the requirements of this Act, shall frame therefrom, subject to such modifications and additions therein or thereto as they think fit, a budget estimate to be called budget estimate “E” of the income and expenditure to be received and incurred for purposes of clause (q) of section 61. (2) In budget estimate “E” 8[the Education Committee] shall— (a) provide for payment as they fall due of all sums and of all instalments of principal and interest for which the Corporation may be liable under this Act by reason of the construction of school buildings, and (b) allow for a cash balance at the end of the said year of not less than twenty thousand rupees. 9[(3) The Education Committee shall forward the budget estimate ‘E’ as framed by them to the Standing Committee on or before each first day of March and the Standing Committee shall prepare a report to the Corporation thereon incorporating the remarks and recommendations, if any, of the Standing Committee.] (4) 10[The Municipal Secretary shall forward a printed or corrected copy of budget estimate ‘E’ together with the report of the Standing Committee thereon] to the usual or last known local place of abode of each Councillor in time for the meeting of the Corporation mentioned in section 127]. 11[126E. Estimate expenditure and receipts for the purposes of Chapters IX and X.— 12[The Commissioner] shall on or before 13[fifth day of February] have prepared and lay before 14[the Standing Committee in such form as the Committee] shall from time to time approve,— (a) an estimate, classified in accordance with section 125A, of the expenditure which must or should, in his opinion, be incurred by the Corporation in the next official year for the purposes of Chapters IX and X; (b) an estimate of all balance, if any, which will be available for re-appropriation or expenditure for the said purposes at the commencement of the next official year; 1 This clause was inserted by Bom. 13 of 1958, s. 4(1). 2 These words, brackets, letters and figure were substituted for the words “the preceding clause” by Bom. 13 of 1958, s. 4(2). 3 These words were substituted for the words “the Mayor-in-Council” by Mah. 27 of 1999, s. 62(a)(i). 4 These words were substituted for the words “the Mayor-in-Council” by Mah. 27 of 1999, s. 62(a)(i). 5 These words were substituted for the words “first day of March” by Mah. 21 of 1989, 24(a). 6 These words were substituted for the words “Member-in-charge” by Mah. 27 of 1999, 62(a)(ii). 7 These words were substituted for the words “from him” by Mah. 27 of 1999, s. 62(a)(iii). 8 These words were substituted for the words “The Mayor-in-Council” by Mah. 27 of 1999, s. 62(b). 9 Sub-section (3) was inserted by Mah. 27 of 1990, s. 62(c). 10 These words were substituted for the words “The Member-in-charge shall forward in printed or corrected copy of budget estimate “E” by Mah. 27 of 1999, s. 62(d). 11 Sections 126E and 126F were inserted by Mah. 34 of 1973, s. 13. 12 These words were substituted for the words “The Member-in-charge” by Mah. 27 of 1999, s. 63(a). 13 These words substituted for the words “first day of March” by Mah. 21 of 1989, s. 25. 14 These words were substituted for the words “the Mayor-in-Council in such form as the Council” by Mah. 27 of 1999, s. 63(b). 178 The Mumbai Municipal Corporation Act [1888 : III (c) an estimate of the Corporation’s receipts and expenditure for the next official year from the services under Chapters IX and X.