Amendment status not verified — confirm the current text below against the official source.
(1) The Development Authority shall prepare a budget estimate for a financial year in such form as may be prescribed at least one month before the commencement of such financial year. Explanation--"Financial year" shall mean the year commencing on the first day of April. (2) All expenditure from the Development Fund shall be made in accordance with the provisions in the budget estimate. Financial assistance from the State Govermment Loans. 9 of 1914. PART III] THE KOLKATA GAZE I 1E, EXTRAORDINARY, JUNE 30, 2008 573 The New Town, Kolkata Development Authority Act, 2007. (Part 111.—Finance.—Chapter VI.—Accounts and Audit.—Sections 24- 26.) CHAPTER VI Accounts and Audit