Budget and programme of work

(1) The Corporation shall, by such date in each year as may be prescribed, prepare and submit to the Government for approval an annual financial statement in such form and with details, as may be prescribed and the programme of work for the succeeding financial year. (2) The annual financial statement shall show the estimated receipts and expenditure during the succeeding financial year. (3) The Corporation shall with the approval of the Government be competent to make variations in the programme of work: Provided that all such variations and reappropriations, if any, out of the sanctioned budget shall be brought to the notice of the Government by a supplementary financial statement. (4) A copy each of the annual financial statement and the programme of work and the supplementary financial statement, if any, shall on submission to the Govemment, be placed as soon as may be, before the Legislative Assembly.

1. (2) The annual financial statement shall show the estimated receipts and expenditure during the succeeding financial year.
2. (3) The Corporation shall with the approval of the Government be competent to make variations in the programme of work: Provided that all such variations and reappropriations, if any, out of the sanctioned budget shall be brought to the notice of the Government by a supplementary financial statement.
3. (4) A copy each of the annual financial statement and the programme of work and the supplementary financial statement, if any, shall on submission to the Govemment, be placed as soon as may be, before the Legislative Assembly.