(1) After sub section (1) of section 8 of the said Act, 1974, the following sub section (1a) and (1b) shall be inserted:
“ (1a) The Authority shall be competent to make variations in the programme of work in the course of the year, provided that all such variations and 7 ॢबह�र गजट [स�ध�रण�� 4 जून 2018 re- appropriations out of the sanctioned budget are brought to the notice of the State Government by a Supplementary Financial Statement.
(1b) The State Government shall, make available such grants, subventions, loans and advances to the Authority as it may deem necessary for the performance of the functions of the Authority under this Act; and all grants, subventions, loans and advances made shall be on such terms and conditions as the State Government may prescribe.”
(2) The following sub section (5) shall be added after sub section (4) of section 8 of the said Act, 1974:- “(5) The Authority shall submit to the State Government an annual report giving a true and full account of its activities, policies and programmes during the previous financial year and forward looking statements in the form prescribed in the Rules within 90 days after the end of each financial year.”