Application of sections 105 and 106 to accounts of Transport Fund.

Sections 105 and 106 shall apply to the accounts of the Transport Fund as if (i) for the words “Standing Committee” wherever they occur the words “Transport Committee” and for the word “Commissioner” wherever it occurs the words “Transport Manager” had been substituted ; and (ii) for the figures “94” in sub-section (4) of section 106 the figure “362” had been substituted. H-2002–8 108. (1) The 1[State] Government may at any time appoint an auditor for the purpose of making a special audit of the municipal accounts including the accounts of the Transport Undertaking and of reporting thereon to the 1[State] Government and the costs of any such audit as determined by the 1[State] Government shall be chargeable to the Municipal Fund or the Transport Fund, as the case may be. (2) An auditor so appointed may exercise any power which the Municipal Chief Auditor may exercise. 2[108A. (1) The accounts of the municipal corporation shall be audited under the provisions of the Gujarat Local Fund Audit Act, 1963. (2) Notwithstanding anything contained in this Act, the State Government shall entrust the Comptroller and Auditor General of India the technical guidance and supervision over the audit of the municipal corporation. (3) The State Government shall cause the audit report under the Gujarat Local Fund Audit Act, 1963 along with the report of the Comptroller and Auditor General of India on technical guidance and supervision as referred to in sub-sections (1) and (2) to be laid before the State Legislature]. CHAPTER X. BORROWING POWERS. (a) defraying any costs, charges or expenses, incurred or to be incurred by it in the execution of this Act; (b) for discharging any loan contracted under this Act or any other loan or debt for the repayment of which the Corporation is liable; (c) generally for carrying out the purposes of this Act, including the advance of loans authorised thereunder : Provided that (i) no loan shall be raised for the execution of any work other then a permanent work, which expression shall include any work of which the cost should, in the opinion of the 1[State] Government, be spread over a term of years; (ii) no loan shall be raised unless the 1[State] Government has approved the terms on and the method by which the loan is to be raised and repaid; (iii) the period within which the loan is to be repaid shall in no case exceed sixty years, and where a loan is raised for the repayment of a previous loan, the period within which the subsequent loan is to be repaid shall not extend beyoud the unexpired portion of the period fixed for the repayment of the original loan, unless the 1[State] Government so directs, and shall in no case extend beyond the period of sixty years from the date on which the original loan was raised. (2) When any sum of money has been borrowed or re-borrowed under sub-section (1)— (a) no portion thereof shall, without the previous sanction of the 1[State] Government, be applied to any purpose other than that for which it was borrowed; and (b) no portion of any sum of money borrowed or re-borrowed for the execution of any work shall be applied to the payment of salaries or allowances of any municipal officers or servants other than those who are exclusively employed upon the work for the construction of which the money was borrowed: Provided that such share of the cost on account of the salaries and allowances of municipal officers or servants employed in part upon the preparation of plans and estimates or the construction or supervision of or upon the maintenance of the accounts of such work as the Standing Committee may fix may be paid out of the sum so borrowed or re-borrowed.