Amendment status not verified — confirm the current text below against the official source.
The Commissioners shall keep an account of all the re- ceipts and expenditure in such manner and in such form as the State Government may prescribe and the account shall be examined and audited annually by an auditor or auditors appointed by the State Government. Budget. 15. (1) The Commissioners shall by the first day of March each year cause to be prepared and submitted to the State Govern- ment a budget estimate showing in such form as may be prescribed, their anticipated income and expenditure for the next financial year. (2) The State Government shall within thirty days from the date of receipt of the budget estimate either accord its approval to the same or return it to the Commissioners with such comments and suggestions thereon as it deems necessary. (3) The Commissioners shall resubmit the budget estimate to the State Government within fifteen days from the date of receipt thereof together with their replies on the comments and suggestions made by the State Government and the State Govern- ment shall after considering these replies return the budget estimate within fifteen days thereafter with or without modifications and the budget estimate shall be deemed to have been finally approved with or without such modifications, as the case may be. The Hooghly River Bridges Act, 1968. 5 32 of 1968.] (4) If the State Government does not accord its approval to the budget estimate within thirty days of the receipt thereof for such approval or within fifteen days of the resubmission thereof with or without modification, the said estimate shall be deemed to have been approved by the State Government in the form in which it was last submitted to the State Government.