Amendment status not verified — confirm the current text below against the official source.
In the Principal Act, for SubSection (a) and (d) of Section 15 the following shall be substituted, namely : , “(a) an ordinary meeting of the Board shall generally be held at least once in every three months. (d) every meeting shall be presided over by the Chairman and in his absence by the Vice-Chairman and in: the absence of the both by a member chosen by the Chairman.” , In the Principal Act, for Sub-Section (1) of Section 16 and the provisos thereto, the . following shall be substituted, namely : “(1). Every contract made by the Board shall be entered into in such manner and in - such form as may be prescribed and be signed by the CEO on behalf of the Board. Provided that - . (a) No contract involving an expenditure of rupees five crores or more shall be made without the previous sanction of the State Government. (b) The Board shall. have full power to approve contract for execution of works - costing rupees five crore or less. (c) -In case of urgency, Chairman may approve any contract of rupees ten lakhs and below without previous sanction of the Board, but shall be referted to the Board at the earliest opportunity.” : (i) for SubSection (1) of section 19 of the Principal Act, the following shall be substituted, namely : : “(1) Subject to the provisions of this Act the Board, may, from time to time, incur expenditure and undertake works for the “framing and execution of - Housing Schemes and Construction. works. Such Housing Schemes and Construction works may include own works of the Board and works to be entrusted by the Government Departments, Autonomous Bodies/Semi Autonomous Bodies and other organizations etc.” . di) for Sub- Section (3) of Section 19 of the Principal Act, the following shall be substituted, namely: “(3) The Board may, on such terms and conditions as may be agreed upon and with the previous approval of the State Government, take over execution of any construction works, on behalf of local authority for building houses; offices, markets, hospitals, roads, bridges and such other constructions.” Inthe Principal Act in section 20, after clause-(k) clause (1) shall be inserted, namely: “(1) successful implementation of the Construction works including all sub-heads as envisaged in the project proposal including any or all of the matters in clauses (a) to (k) above.” In the Principal Act, for clause (i) of sub- section(2) of Section 21, the following shall be substituted, namely: “(i) the housing schemes and other Construction works which the Board proposes to execute whether in part or in whole during the next year.” Amendment of Section -32 Amendment of * Section -45 14, In the Principal Act, for sub-Section (1) of Séction 32, the following shall be substituted, namely: : “(1) The Board shall have a fund to be called the Housing & Construction Board fund.” .