Powers of Board and Chairman to incur expenditure

Subject to budget provision and availability of funds, expenditure may be incurred on any single work or scheme for carrying out any of the purposes of this Act,— (1) by the Chairman, in case such expenditure does not exceed Rs. 25,00,000 and (2) by the Board, in other cases: Provided that the Board shall not, without the previous approval of the Government, incur any such expenditure exceeding Rs. 3,00,00,000: Provided further that the Chairman shall report the expenditure incurred by him under this section to the Board at it’s next meeting.