The Assam State Housing Board Act, 1972State Act of Assam · Act 1 of 1974
(1) Where in the opinion of the Board, circums tances of extreme urgency have ar isen it shall be law ful for the Board to make in any year,-
(a) recurring expenditure not exceeding ·wenty five thousand rl'pees,
(b) non-recurring expenditure not exceeding one lac of rupees.
/ Subvention and loans to the :Board.
30
(2) Where any sum is expended under circum.: ,,..
stances of extreme ungency as provided in sub-section
(1), a report thereof indicating the source from which it is proposed to meet the expenditure shall be made by the Board as soon as practicable to the State Govern-_ ment.