Amendment status not verified — confirm the current text below against the official source.
(1) The sanction of the Municipality by resolution is required in the case of every contract- (a) for which budget provision does not exist; or [(b) involving a value or amount, exceeding [Fifty thousand rupees]5 in the case of contract by the Municipal Council and [Fifteen thousand rupees]6 in the case of a contract by the Nagar Panchayet : ]2 [Provided that during the period intervening two meeting of the Municipal Council, the President may sanction contracts involving a value or amount not exceeding [One lakh rupees]7.]3 (2) Any contract, other than a contract of either description specified in sub- section (1), may be the Municipality (not being an advisory committee) empowered in this behalf by regulation, or by any one or more than one officer or servant of the Municipality so empowered : [Provided that the contracts sanctioned by a committee, officer or servant shall be placed before the Municipality for information at the next ensuing meeting.]1 (3) Where the plans and estimates of a project have, in accordance with any rule made in this behalf, been sanctioned by the Municipality, and the execution of the work has been entrusted by the Municipality to an engineer in its service or employment, the Municipality may, with the previous sanction of the prescribed Authority empower by resolution such engineer to sanction all contracts or any one or more contracts of any particular description other than a contract of either description specified in sub-section (1) required for the execution of the project, and may in like manner impose any condition or restriction on the exercise of the power so conferred. Execution of contracts.