Amendment status not verified — confirm the current text below against the official source.
(1) The Secretary shall in each year, before such date as may be prescribed, place before the Zilla PariELad the budget which - shall be prepared by the Finance and Establishment Committee showing the probable receipts and expenditure during the following year. The Zilla Parishad shall adopt the budget with such modifications as it may think fit. (2) The budget so adopted shall be submitted to the State Government by such date as may be prescribed. (3) The State Government may, within such time as may be prescribed, either approve of the budget or return it to the Zilla Parishad for such modifications as it may direct. On such modifications being made, the budget shall be resubmitted within such time as may be prescribed for approval to the State Government. If the approval of the State Government is not received by the Zilla Parishad by the last date of the year, the budget shall be deemed to have been approved by the State Government. • Zilla Pariehad may raise loans and create a) sinking fund. Budget. 47; The Finance and Establishment Committee may, if supple- it finds it necessary to do so, prepare a supplementary or bmeuanta7 revised budget and if such a budget is prepared the provisions budge of section 46 shall apply thereto.