(1) The financial sanctioning power of the Chairman of the Board shall be at par with the sanctioning power of Development Commissioner (Finance), in the Slate Government ol Arunachal Pradesh as delegated from time to time, beyond which shall be sanctioned by the State Government.
(2) Where, in the opinion of the Board, circumstances of extreme urgency have arisen, the Board may incur in any recurring expenditure not exceeding rupees one lakh and non-recurring expenditure not exceeding rupees live lakhs notwithstanding that such expenditure has not been included in the Budget or supplementary Budget sanctioned by the State Government or the varialion of the scheme made under section 25.
(3) Where any expenditure is incurred by the Board under the circumstances of extreme urgency as provided in sub-section (2,), a report thereon indicating the source lrom which the expenditure was made shall be sent lo the Government, as soon as practicable, for approval.
(4) The Board may, within the budget sanctioned by the State Government, approve appropriation not exceeding such amount as may be prescribed from one head to another and from one minor head lo anolher under the same major head and submit a statement of such re-appropriation to the State Government.