State Act

45

Section 45. Budget

The Kamatapur Autonomous Council Act, 2020

Act no. 25 of 20202020In forceAssam (State Act)

45. (1) The General Council shall at such time and in such manner as may be prescribed prepare in each financial year a budget of its estimated receipts and disbursements for the following financial year and submit it to the Government by 1st November of the current financial year. (3) The Government may within such time as may be prescribed, either approve the budget or return it to General Council concerned, as the case may be, for reconsideration on the observations of the Government, if any. The General Council concerned, shall thereupon resubmit the budget along with its comments on the observation and if the approval of the Government upon such submission or resubmission as the case may be, is not received by the General Council, the budget shall be deemed to have been approved by the Government. (4) No expenditure shall be incurred unless the budget of the General Council are either approved or deemed to have been approved by the Government. (5) The General Council may prepare in each financial year a supplementary estimate providing for any modification of its budget for the year and may submit to the Government for approval.