Finance Commission under this section together with an explanatory memorandum as to the action taken thereon, to be laid before the Legislature of the State.

(1)The Corporation shall not later than the first week of February ofBudget estimates.

every year, adopt for the ensuing year a budget estimate which shall be an estimate

1. (2) The budget estimate adopted under sub-section(1) shall be

Finance Commission.

1. (3) The budget estimate received by the Government under

may deem fit.

1. (4) The budget estimate shall be prepared in such manner and shall

may from time to time during the year-

(i)increase the amount of any budget grant under any head;

1. (ii) make an additional budget grant for the purpose of meeting

any special or unforeseen requirement arising during the

said year;

alter Budget estimates.

and expenditure during the year.

Provisions as to

unexpended budget grant.

MUNICIPAL CORPORATION[1994 : Hr. Act 16

1. (iii) transfer the amount or portion of the amount of the budget

1. (iv) reduce the amount of the budget grant under any head:

1. (2) Every increase in a budget grant and every additional budget

1. (3) The Commissioner may from time to time during the year-
   • (a) reduce the amount of budget grant; or
   • (b) sanction the transfer of any amount within a budget grant:

1. (4) The Commissioner may, from time to time during the year,

1. (2) For the purpose of sub-section (1), the Corporation may either