section 53
Board's power to spend beyond approved estimates
The Odisha Port Trust Act, 1962Infrastructure1962120 sections
Statutory text
(1) In cases requiring immediate action the Board may, without prior sanction of Government, spend, on any item of expenditure- (a) a sum not exceeding Rs. 2,000 in excess of the sum allotted for the item in the approved estimates; and (b) a sum not exceeding Rs. 3,000 on any item for which no funds are allotted for the year in the said estimates. (2) On a decision being taken by the Board under sub-section (1) the Chairman shall forthwith report to Government the circumstances which necessitate such expenditure and the manner in which the Board proposes to meet the same.
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