Chapter VII REVENUE AND EXPENDITURE.

1. (1) Only sums covered by a budget grant to be expended from municipal fund.
2. (2) Exceptions

Procedure when money not covered by a budget grant is expended under clauses (e), (f),

REVENUE AND EXPENDITURE.

Corporation may increase amount of budget grants and make additional grants Corporation may increase amount of budget grants and make additional grants. - On the recommendation of the Standing Committee the Corporation may from time to time during a financial year—

1. (a) increase the amount of any budget grant under any head;
2. (b) make an additional budget grant for the purpose of meeting any special or unforeseen requirement arising during the said year;
3. (c) transfer the amount or portion of the amount of the budget grant under any head to the account of budget grant under any other head: Provided that—
   • (i) due regard shall be had to all the requirements of this Act;
   • (ii) in making any increase or any additional budget grant the estimated cash balance at the close of the year shall not be reduced below the sum of rupees one lakh and a half.

Keeping of Accounts [Section text not available in the official gazette publication.]

Report and statement to be laid before the Assembly [Section text not available in the official gazette publication.]