Chapter V Chapter V

Finance, Accounts and Audit

The State Government may-

1. (a) provide such fund as may be required by the Authority for the discharge of its functions under this Act or for any purpose connected therewith on such terms and conditions as the State Government may determine; and
2. (b) pay to the Authority, on such terms and conditions as the State Government may determine, by way of loans or grants such sums of money as the State Government may consider necessary for the discharge by the Authority of its functions under this Act.

1. (1) There shall be a fund for the Authority to be called “The Rajasthan State Bus Terminal Development Authority Fund” to which shall be credited all moneys received by the Authority, including,-
   • (a) any fund, grant or loan received by the Authority from the State Government;
   • (b) such other moneys as may be paid to the Authority by the State Government, Central Government or any other authority or agency by way of grant, loans, advances or otherwise;
   • (c) any rental, fee or user charge collected by the Authority under this Act; and
   • (d) any other sums received by the Authority.
2. (2) The fund of the Authority shall be utilized strictly for the purposes of this Act and not otherwise.
3. (3) The fund of the Authority shall be administered in such manner as may be prescribed by the rules.

1. (1) The Authority shall prepare, in such form and at such time as may be prescribed by rules, its budget for each financial year showing estimated receipts and expenditure of the Authority, and forward the same for approval to the State Government.
2. (2) No sum shall be expended by or on behalf of the Authority unless the expenditure of the same is covered by the budget provisions approved by the State Government.

The Authority may keep in current or deposit account with any Scheduled Bank or any Co-operative Bank or other bank approved by the State Government in this behalf, such sum of money out of its fund as may be determined by the Authority and any money in excess of the said sum shall be invested in such manner as may be determined by the regulations.

The Authority may, with the consent of the State Government or in accordance with the terms of any general or special authority given to it by the State Government, borrow money for the purposes of this Act.

The Authority shall, as soon as may be, after the end of each financial year, prepare and submit to the State Government in such form as may be prescribed by rules a report giving an account of its activities during the previous financial year and the report shall also give an account of the activities which are likely to be undertaken by the Authority during the current financial year.

The accounts of the Authority shall be maintained and audited in such manner as the State Government may, in consultation with the Comptroller and Auditor-General of India, prescribe by rules and the Authority shall furnish to the State Government before such date as may be prescribed by rules, its audited copy of accounts together with the auditor’s report thereon.

The State Government shall cause the annual report of the Authority and the auditor’s report to be laid, as soon as may be, after they are received, before the House of the State Legislature.