Amendment status not verified — confirm the current text below against the official source.
(1) The State Government may advance money or gram 10;“ to the Board on such terms and conditions as ma i " 3 . - State Government. y be dctcnmnd ‘Y an Scanned by CamScanner l l l e -—-__,__---. l \. awe Fund. \ Budggt of the “Annual report of the-. Board Accounts and Audit. i‘ Control by the State Govern- ment over the Board. Control by the State Govern- ment and the Board over the Market Commi- ttees. 5 (2) The Board may, with the previous approval of the State -Government, raise loan from th ' ' ' e open market or any financial institution. 380 (1) There shall be _ - constituted a fund to be called the Tripura Agricultural Produce Marketing Board Fund and there shall be credited _- thereto the sums paid to the Board by the Central Government or the State Govemment and all other sums raised or received by the Board. (2) The fund shall be app1ied— . - (a) for meeting the salary, allowances and other remuneration of the members, officers and other employees of the Board I and other administrative expenses of the Board; (b) for advancing money or granting loan to the market commi- ttees ' ' ' on such terms and conditions .as the Board may ' determine; F - (c) for meeting other expenses of the Board in the dischar e of 8 its functions under this Act or the rules made thereunder; and _ (d) for repayment of loans raised or received by the Board or interest thereon. » .38P. The Board shall prepare, in such form and at such time each year as may be prescribed, its budget for the next financial year, showing the estimated-expenditure and forward the same to the State Government for sanction. - '38Q. The Board shall prepare in such form and at such time each year as may be prescribed, its annual report giving full accounts of- its activities during_'the previous year and forward copies thereof to the State‘ Govenrment.- - it 38R The accounts of the Board h 1 . . - I s al be maintained and audited in such manneras may be prescribed.” _6. In Chapter viii of the Principal Act,- (i) for . section 39, the following sections shall be inserted, . - namely :- “39. The~State Government may, from time to time issue to the Board such directions and instructions as it may deem necessary for the efiicient administration of the Act and the Board shall carry out such directions and instructions; .