The Rajasthan Local Fund Audit Act, 1954
The Rajasthan Local Fund Audit Act, 1954
The Rajasthan Local Fund Audit Act, 1954, regulates the financial auditing of local authorities throughout Rajasthan, including municipal corporations, village panchayats, and state funded societies. This law requires these public bodies to submit their accounts for regular examinations to verify compliance and prevent fraud. It empowers government auditors to inspect financial documents and hold local officials personally liable for illegal payments, gross negligence, or waste of public funds by recovering the lost money directly from them. Ultimately, this act matters because it safeguards taxpayer money, ensuring that resources allocated to local institutions are managed responsibly and transparently for community development.
- 1. Short title
- 2. Extent
- 3. Definitions
- 4. Liability of local authorities to submit their accounts for Audit
- 5. Accounts to be submitted for Audit at such period or periods as may be required
- 6. Power of auditor to require production of documents and attendance of persons concerned etc
- 7. Penalty for disobeying requisition under section
- 8. Audit report to be sent to certain officers and bodies as Government may direct
- 9. Director's Report what to contain
- 10. Local authority to remedy defects: procedure to be followed after report of the Director under section 8
- 11. Controlling Authority to surcharge or charge illegal payment or loss caused by gross negligence or misconduct
- 12. Recovery of surcharges and charges how made
- 13. Application against order of surcharge or charge
- 14. .Expenses in respect of requisitions of auditors to be payable out of local funds
- 15. Exercise of powers and duties of Government by other officers
- 16. Rules
- 17. Duty to maintain accounts in specified cases
- 18. Laying of Audit report
PDF: pending for this language.