Amendment status not verified — confirm the current text below against the official source.
(1) Except in the year in which the Board is consti- tuted, the President shall present to the annual meeting of the Board a report on the work of the Board &urine, the last preceding financial year, together with a budget. estimate showing in the form, prescribed by regulations, the anti- copated income and expenditure of the Board during the next succeeding financial year. (2) The report shall be forwarded to the State Govern- ment within one month of the presentation thereof at the annual meeting of the Board together with such comments thereon as the Board may think fit to make. (3) The budget estimate shall, when confirmed by the Board and within such period as may be prescribed by regu- lations, be forwarded to the State Government which may approve it or may take the action provided for in sub- section (4). The West Bengal Secondary Education Act, 1950. 25 XXXVII of 1950.1 (Chapter V1.—Finance and Audit.—Section 42.) (4)(a) The State Government may within three months of the receipt of the budget estimate return it to the Board with such comments and suggestions as it deems necessary if in its opinion the budget estimate— is not reasonably accurate on the basis of ascertain- able facts or shows a deficit balance at the end of the financial year to which the said estimate relates; (ii) includes new items of recurring expenditure which are likely to impose upon the Board in the future financial demands which the Board will not be able to meet from its income ; or (iii) includes proposals for expenditure which are not in accordance with the provisions of this Act. (b) When the Board receives back the budget estimate under clause (a), it shall consider the comments and sugges- tions of the State Government on the said estimate and may thereupon, if it thinks fit, revise the said estimate. The Board shall then resubmit the budget estimate as so revised to the State Government or, if the Board does not see fit to revise the budget estimate, shall return it in its original form to the State Government with the replies of the Board nn the said comments and suggestions. (c) If the State Government does not accept the budget estimate as revised by the Board under clause (b) or if the budget estimate is returned by the Board without revision, the State Government may amend the budget estimate as revised by the Board or the budget estimate as returned without revision, as the case may be, in one or more of the following ways— it may make such alterations as are in its opinion necessary to render the estimate reasonably accurate on the basis of ascertainable facts or to eliminate any deficit balance; (ii) it may eliminate or modify any proposals involving fresh recurring expenditure ; (iii) it may eliminate any proposals for expenditure which are not in its opinion in accordance with the provisions of this Act; and thereupon the State Government shall approve the budget estimate as so amended. (5) If the State Government does not within a period of three months of the receipt of the budget estimate forwarded to it under sub-section (3) either approve the said estimate under sub-section (3) or return it to the Board under sub-section (4) the said estimate shall be deemed to have been approved by the State Government.