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Section 21: Powers of Board and Chairman to incur expenditure

The Goa Housing Board Act, 1968State Act of Goa · Act 12 of 1968

Subject to budget provision and availability of funds, expenditure may be incurred on any single work or scheme for carrying out any of the purposes of this Act—

(1) by the Chairman, in case such expenditure does not exceed 16[fifteen lakh rupees];

and

(2) by the Board, in other cases:

17[Provided that the Board shall not, without the previous approval of the Government, incur any expenditure exceeding18[fifty lakh of rupees] if the funds are linked to any Government Guarantee and 19 [five crore of rupees] in other cases.]

Provided further that the Chairman shall report the expenditure incurred by him under this section to the Board at its next meeting.

Where this provision sits

ActThe Goa Housing Board Act, 1968
Section21
Marginal notePowers of Board and Chairman to incur expenditure
JurisdictionState of Goa
StatusIn force as published by the source

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