State Act

THE ODISHA LOCAL FUND AUDIT ACT,1948

3. Liability of Local Authority to submit its accounts to audit- 1[(1)] Not withstanding anything contained in any enactment by which a Local authority is constituted, the accounts of any Local Authority whose accounts are declared by the Provincial Government by notification to be subject to audit under this Act, shall be subject to audit in all respects in the manner provided by or under this Act and any provision in any such enactment or in any bye-law or rules made under such enactment inconsistent with or repugnant to the provision of this Act or of any rule made thereunder shall, to the extent of such inconsistency or repugnancy, be deemed to have been repealed by this Act. 2[(2) Save as otherwise provided in section 8, where the audit of accounts of any Urban Local Body and Panchayati Raj Institution is undertaken by the Comptroller and Auditor-General under section 20 of the Comptroller and Auditor-General’s (Duties, Powers and Conditions of Service) Act, 1971, he shall have the right to comment on and supplement to the report of the Examiner of Local Accounts, and the report of such audited accounts shall be laid by the State Government, as soon as may be after it is received, before the Legislature of the State. Explanation - For the purpose of this section, the expression “Urban Local Body” and “Panchayati Raj Institution” shall respectively mean a “Municipality” as defined in clause (e) of article 243-P of the Constitution of India and a “Panchayat” as defined in clause (d) of article 243 thereof.]