(1) The Author1ty shall cause to be maintained proper books of accounts and such other books as the rules made under this Act may require and shall prepare in accordance with such rules an annual statement of accounts.
(2) The Authority shall cause its accounts to be audited annually by Accountant General, Assam.
(3) The audit shall submit hls audit report to the Authonty and shall forward a copy thereof to the State Government
29. The Authortty shall prepare, every year, in such fonn and at such time as may be prescribed, an annual budget estimate in respect of the next financial year showing the estimated receipts and disbursements of the Authority and shall submit a copy thereof to the State Government for approval by February of every year.
:JO. The Authority shall, after the end of each ynr prepare in such form and before such date as may be prescribed, a report of its actMtles during such year and submit to the State Government and the State Government shall cause a copy of such report to be laid before both Houses of the State Legislature.
31. The Authority shall not be requtnd to carry out any of Its operation under thJs Act at a loss. Any deficit In the Assam State Capital Region Development Fund in any financial year shall be made good by the Authority not later than those of the nc:ict succeeding financial year.
CHAPTER-VD POWERS OF TAXATION