RESTRICTION ON UNBUDGETED EXPENDITURE.

(1) Save where in the opinion of the Board circumstances of extreme urgency have arisen, no sum exceeding Rs. 75,000 on account of recurring expenditure or exceeding Rs. 3,00,000 of rupees on account of non-recurring expenditure shall be expended by the Board in any year of account unless such sum has been included in a statement submitted under sub-section (1) or sub-section (5) of Sec. 61. (2) Where any such sum is expended under circumstances of extreme urgency, it shall be expended in accordance with the regulations made by the Board with the previous approval of the State Government and a report thereon indicating the source from which it is proposed to meet the expenditure shall be made as soon as practicable to the State Government.