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section 23

Preparation, Presentation and sanction of the Budget of the Board

The Mizoram Board of School Education Act, 1975
Education197534 sections9 chapters
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Chapter VIII FINANCE AND AUDIT

Statutory text
  1. (1) The Chairman shall place before the annual meeting of the Board, held in the year following the year in which it is established and before annual meeting thereafter, a report on the working of the Board during the preceding financial year together with a budget estimate showing, in such form as may be prescribed, the anticipated income and expenditure of the Board during the financial year in which such annual meeting is held.
  2. (2) The report shall be forwarded to the government as soon as possible but not later than one month of its presentation before the annual meeting of the Board together with such comments thereon as the Board may think fit to make.
  3. (3) The budget estimates shall, after confirmation by the Board, be forwarded to the Government within such time as may be prescribed.
  4. (4) The Government shall within three months of the receipt of the budget estimate either accord its approval to the same or return it to the Board with such comments and suggestions as it deems necessary if in its opinion such estimates :-
    • (i) is not reasonably accurate with reference to ascertainable facts or shows a deficit in the closing balance;
    • (ii) includes new items of recurring expenditure which are likely to impose on the Board in the future financial liabilities which the Board is not likely to be able to meet from its income; OR
    • (iii) includes provisions for expenditure which are not in accordance with the provisions of this Act.
  5. (5) If the budget estimates is returned under clause
    • (i) of sub-section (4), the Board shall consider the comments and suggestions made by the Government and may-
    • (i) if it thinks fit, revise the said estimate OR
    • (ii) if it does not think fit to revise the estimate resubmit it in its original form to the Government within one month of receiving it, together with its replies on the comments and suggestions made by the Government.
  6. (6) If the Government does not approve of the budget estimates as revised by the Board, it may amend the budget estimate by making –
    • (i) such modifications are in its opinion necessary to render the estimate reasonably accurate with reference to ascertainable facts or to balance the income and the expenditure;
    • (ii) additions, alteration or modifications in any provision relating to new expenditure to recurring nature;
    • (iii) any alteration or modification in any provision which, in its opinion is not in accordance with the provision of the Act;
  7. (7) The budget estimates as amended by the Government shall be the budget estimates of the Board for the concerned financial year.

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