Budget

(1) The Council shall prepare the budget for the next financial year in such form and at such time in each year as may be prescribed, in which estimated receipts and expenditure shall be shown. (2) It shall be forwarded to the State Government within fifteen days of the meeting in which the budget was passed. (3) If the State Government is of the opinion that the provisions of the budget forwarded in this manner are not sufficient to implement the purpose of this Act, it shall return the budget to the Council for measures to make such modifications as may be suggested by the State Government. (4) The Council shall be competent to re-appropriate such sum of money as may be necessary from one head to another head and such head and minor heads. (5) The Council may pass a supplementary budget in such form and by such date as may be prescribed, as and when required, and the provisions of sub-sections (2), (3), (4) shall apply to such supplementary budget.