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Section 82: Power of Corporation to readjust income and expenditure during the year.

The Jammu and Kashmir Municipal Corporation Act, 2000Union territory Act of Jammu and Kashmir · Act 21 of 2000

(1) If at any time during the year it appears to the Corporation that, notwithstanding any reduction of budget grant that has been made under section 81, the income of the Corporation Fund during the same year will not suffice to meet the expenditure sanctioned in the budget estimate of that year and to leave at the close of the year, the cash balance specified or determined under the proviso to sub-section (1) of section 81, then it shall be incumbent on the Corporation to sanction forthwith any measures which it may consider necessary for adjusting that year’s income to the expenditure.

(2) For the purpose of sub-section (1), the Corporation may either reduce the sanctioned expenditure of the year so far as it may be possible to do with regard to all the requirements of this Act.

Where this provision sits

ActThe Jammu and Kashmir Municipal Corporation Act, 2000
Section82
Marginal notePower of Corporation to readjust income and expenditure during the year.
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

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