section 50
Submission of Budget to Board.
The Jammu and Kashmir Housing Board Act, 1976Infrastructure197668 sections
Statutory text
- (1) The Chairman shall, at a special meeting to be held in the month to be notified by him in each year, lay before the Board, a budget of the Board for the year.
- (2) Every such budget shall be prepared in such form as may be prescribed and shall make provision for—
- (i) the housing schemes which the Board proposes to execute whether in part or whole during the next year ;
- (ii) the due fulfilment of all the liabilities of the Board ; and
- (iii) the efficient administration of the Act, and shall contain a statement showing the estimated receipts and expenditure on capital and revenue accounts for the year, and such other particulars as may be prescribed.
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