Amendment status not verified — confirm the current text below against the official source.
(1) This Act may be called the Mizoram Fiscal Responsibility and Budget Management and Commencement (Second Amendment) Act, 2010. (2) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint in this behalf. Amendment of (2) (1) Clause (2) of Section 6 of the Principal Act shall be substituted by the following, Section 6 of the namely :- Principal Act “reduce fiscal deficit to 3 per cent of the estimated Gross State Domestic Product by 2014-15”. (2) In clause (4) of Section 6 of the Principal Act, the following shall be substituted, namely :- “(4) reduce fiscal deficit annually at a percentage of Gross State Domestic Product so as to reach the goal set out in clause (2) with the following rates of annual reduction - 6.4% in 2011-12, 5.2% in 2012-13, 4.1% in 2013-14 and 3% in 2014-15”. The Mizoram Gazette EXTRA ORDINARY Published by Authority RNI No. 27009/1973 Postal Regn. No. NE-313(MZ) 2006-2008 Rs. 2/- per issue VOL - XXXIX Aizawl, Thursday 21.10.2010 Asvina 29, S.E. 1932, Issue No. 411 Amendment of Sub-