section 26
Budget and programme of work
The Orissa Industrial Infrastructure Development Corporation Act, 1980Infrastructure197263 sections2 chapters
Chapter III FUNCTIONS AND POWERS OF THE CORPORATION
Statutory text
- (1) The Corporation shall, by such date in each year as may be prescribed, prepare and submit to the State Government for approval an annual financial statement and the programme of work for the succeeding financial year.
- (2) The annual financial statement shall show the estimated receipts and expendi- ture during the succeeding financial year in such form and details as may be pres- cribed.
- (3) The Corporation shall be competent to make variations in the programme of work in the course of the year provided that all such variations and reappropriations out of the sanctioned budget are brought to the notice of the State 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 be placed before the State
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