Budget

(1) (a) The Commission shall, by such date in each year as may be prescribed by rules, submit to the State Government for approval a budget in the prescribed form for the next financial year showing the estimated receipts and expenditure and the sums which would be required from the State Government during that financial year. (b) If any sum provided in the budget is wholly or partly unspent in any financial year, it may be carried forward to the next financial year, with the prior approval of the State Government, and it shall be taken into account in determining the sum to be provided by the State Government for that year. (2) No sum shall be expended by or on behalf of the Commission unless the expenditure is covered by provision in the budget approved by the State Government. (3) The Commission shall cause to be prepared for each financial year an annual statement of accounts in such form as may be prescribed by rules.