(1) No new work or applicance the estimated cost of which exceeds such amount as may be fixed by the State Government in this behalf, shall be commenced or provided by the Board, not shall any contract be entered into by the Board in respect of any such new work or applicance until a plan of an estimate for such work or applicance has been submitted to, and approved by the Board; and in case the estimated cost of any such new work or appliance exceeds such amount, as may from time to time, be fixed by the Slate Government in this behalf, sanction of the State Government to the plan and estimate shall be obtained before such work is commenced or appliance provided.
(2) Nothing in sub-section (1) shall be deemed to require the further sanction of the State Government in any case where the actual expenditure incurred does not exceed by more than ten per cent, the estimated cost so sanctioned.
80. Notwithstanding anything contained in section 79, the 16 [ Chief Executive Officer ] may direct the execution of any work the cost of which does not exceed such maximum limit as may be fixed by the State Government in that behalf and may enter into contracts for the execution of such works, but in every such case the 16 [ Chief Executive Officer ] shall, as soon as possible, make a report to the Board of any such directions given or contracts entered into by him.
81. The Board may compound or compromise any claim or demand or any action or suit instituted by or against it for such sum of money or other compensation as it deems sufficient:
Provided that no settlement shall be made under this section without the previous sanction of the State Government if such settlement involves the payment by the Board of a sum exceeding such amount as may be specified by the State Government in this behalf.
Power to reserve Maritime Board securities for Board's own investments.
Prior sanction of the Government to charge expenditure to capital.
Works requiring sanction of Board or State Government.
Power of Chairman as to execution of works.
Power of Board to compound or compromise claims.
The Gujarat Maritime Board Act, 1981 32 of 42