State Act

The Mumbai Municipal Corporation Act.

126F. Budget Estimate “G” to be prepared by 1[Standing Committee].— (1) The 2[Standing Committee] shall on or as soon as may be after the 3[fifth day of February,] consider the said estimates of 4[the Commissioner]. After having obtained from 5[the Commissioner] such further information if any as it shall think fit to seek, and having regard to all the requirements of this Act, 6[Standing Committee] shall frame therefrom, subject to such modification and additions therein or thereto as it thinks fit a budget estimate to be called budget estimate “G” of the income and expenditure for the next year to be received and incurred for the purposes of Chapters IX and X. (2) In budget estimate “G” 7[the Committee] shall propose the levy of water tax, water benefit tax, sewerage tax and sewerage benefit tax (in place of former water and halalkhor taxes) at such rates, as would in the opinion of 8[the Committee] bring in a adequate revenue for meeting the expenditure and all other obligation or which the Corporation may be liable for the purposes of Chapters IX and X. (3) The 9[Municipal Secretary] shall cause the budget estimate “G” as finally approved by 10[the Standing Committee] 11[to be printed or corrected and shall, not later than the 12[first day of March] forward a printed or corrected copy] thereof to the usual or last known local place of abode of each Councillor.]