Section 62

Every Authority shall, not less than three months before the expiry of each financial year, pass detailed estimates of the revenue and expenditure of the Authority for the next financial year.

Such Estimates shall be passed at a meeting of the Authority specially convened for the purpose.

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Every Authority shall, before the commencement of each financial year, submit a copy of the annual estimates as passed by the Authority to the Minister for approval and when so approved notice of such approval shall be published in the Gazette and the estimates shall be published or made available for inspection in such manner as the Minister shall direct. Where additional financial provision is required during the course of any financial year supplementary estimates thereof shall be submitted in the same manner for approval of the Minister.

No Authority shall incur expenditure which has not been included in such approved estimates except with the sanction of the Minister and any member, officer or servant of an Authority who has applied or connived at or concurred in the application of moneys for purposes for which it was not lawfully applicable shall be liable to surcharge and to account for such moneys:

Provided that re-allocations of expenditure within the limits of the approved estimates may be made by the Authority without such approval or sanction if such reallocations shall not increase or decrease any one item of recurrent expenditure by more than such amount as the Minister shall have approved in the case of each Authority.

The annual and supplementary estimates shall be prepared in such form and shall contain such detailed information as the Minister may require.

The approval of the annual and supplementary estimates by the Minister shall be recorded in the minutes of the Authority.

Writing off irrecoverable arrears of revenue.