State Act

Tamil Nadu Local Fund Audit Act, 2014

2. Definitions. – In this Act, unless the context otherwise requires, - (a) "audit" includes cent percent audit, post audit, test audit, special audit and such other examination of accounts as the Government may, from time to time, specify; (b) "cent percent audit" means a post audit of all the transactions of a particular account for the whole financial year or for such period as may be specified by the Director; (c) "concurrent audit" means a continuous post audit of accounts of day-to-day transactions; (d) "Director" means the Director of Local Fund Audit appointed under section 3 and includes any person authorised by the Government to perform the functions of the Director of Local Fund Audit; (e) "Executive authority" means the Chief executive officer or any other officer of a local authority, vested with the power to administer the fund of that authority; (f) "Government" means the State Government; (g) "local authority" means, - (i) any municipal corporation or municipal council or panchayat union council or village panchayat constituted under the relevant law for the time being in force; or (ii) any other authority, body or institution established by or under any law or order of the Government and specified in the Schedule; (h) "local fund" means the fund administered by a local authority and other fund specified in the Schedule; (i) "Local Library Authority" means the Local Library Authority constituted under the Tamil Nadu Public Libraries Act, 1948; (j) "Local Planning Authority" means the Local Planning Authority constituted under the Tamil Nadu Town and Country Planning Act, 1971; (k) "market committee" means the market committee constituted under the Tamil Nadu Agricultural Produce Marketing (Regulation) Act, 1987; (l) "post audit" means the detailed audit conducted after the completion of transactions; (m) "Schedule" means the Schedule to this Act; (n) "special audit" means an audit of accounts pertaining to a specified item or series of items requiring thorough examination, and includes re-audit of the accounts for a period already covered by audit; (o) "State" means the State of Tamil Nadu; (p) "surcharge" means an amount for which the Director makes a person liable for loss, waste, misapplication or misappropriation of any money or other property; (q) "University" means the University established or incorporated by an Act of the State Legislature.