Chapter V EXECUTION OF CONTRACTS

(1) The Board may enter into and perform such contracts as it may consider necessary or expedient for carrying out any of the purposes of this Act. (2) Every contract shall be accepted and executed on behalf of the Board by the Managing Director or if so, authorised by the Board, by the Chief Engineer, Superintending Engineer or Executive Engineer provided that the Board shall determine the maximum value of contracts to be executed and sanctioned by such authorised officers. (3) Administrative approval for execution of schemes or for the expenditure for carrying out any of the purposes of this Act, shall be accorded- (a) by the Managing Director amount not exceeding rupees fifty thousand, (b) by the Board, amount exceeding rupees fifty thousand but administrative approval for schemes as per expenditure exceeding rupees two hundred lakhs shall not be accorded without the prior approval of the State Government. (4) Sub-sections (2) and (3) shall apply to every variation or abandonment of a contract or estimate, as well as to original contract or estimate. Seventhly any outlay on additions or improvements to land acquired which was incurred after the date with reference to which the market value is to be determined unless such additions or improvements were necessary for the maintenance of any building in a proper state of repair. Any application which is incomplete in any respect is liable to be rejected as invalid.

(1) Subject to any rules that may be made in that behalf, the Board may, by order delegate any of its powers under section 24 to the Managing Director or to any other officer of the Board. (2) The exercise of any powers delegated under this section shall be subject to such restrictions, limitations and conditions and to such control by the Board as may be specified in the order. (1) The Board shall allot property in Patna. (2) For the purpose of allotment of property in other r areas the Board shall constitute a committee at the Divisional level to be called the Divisional Allotment Committee consisting of the following:- (i) Commissioner of the Division ---Chairman (ii) Managing Director or his nominee --Member (iii) Concerned District Magistrate --Member (iv) One non-official member of the Board To be nominated by the Government --Member (v) Concerned Executive Engineer of the Board --Convenor (Member –secretary)

(1) every contract by the managing Director on behalf of the Board shall subject to the provisions of this section be entered into in such manner and form as may be prescribed. (2) A contract not executed as provided in this section and rules made thereunder shall not be binding on the Board. Subject to the approval of Government ,the Board/Divisional Allotment Committee shall determine which of the applicants are eligible for allotment and the decision thus arrived at ( of the committee in this regard) shall be final:------ (i) in every category(except discretionary quota) the allotment of property to eligible applicants shall be made by draw of lots by the Board. The procedure of draw of lots will be decided by the Managing Director. (ii) The particular plot/house /Flat to be applicant in accordance with sub-section(i) above shall be determined by drawing of lots after due notice to such applicants of the date, time and venue of the draw.