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Section 6: Accounts of the Fund and making up of the deficiency in the Fund

The Karnataka Famine Relief Fund Act, 1963State Act of Karnataka · Act 32 of 1963

(1) The accounts of the Fund shall be made up at the end of each financial year, the securities belonging to the Fund being valued at the market value on the last day of such year.

(2) If the accounts so made up show that the balance of the Fund at the end of such year falls short of sixty lakhs of rupees, the deficiency shall be made up from the Consolidated Fund of the State:

Provided that if the deficiency exceeds twenty lakhs of rupees, it may be made up in annual instalments, the amount of such instalments except the last being not less than ten lakhs of rupees.

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(3) Any expenditure incurred by the State Government under sub-section (2) shall be charged on the Consolidated Fund of the State.

Where this provision sits

ActThe Karnataka Famine Relief Fund Act, 1963
Section6
Marginal noteAccounts of the Fund and making up of the deficiency in the Fund
JurisdictionState of Karnataka
StatusIn force as published by the source

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