Whenever a Supplementary Estimate is presented to the legislature, it shall be accompanied by a statement which will indicate,- a) for each additional commitment, the fiscal impact of the commitment for that year and for the subsequent 3 years, if any;
and b) Offsetting policy decision taken by the Government to ensure that the fiscal impact for each of the 4 years is nullified.
By Order and in the name of the Governor of Karnataka, AMLAN ADITYA BISWAS Deputy Secretary to Government (B&R) Finance Department FINANCE SECRETARIAT NOTIFICATION No. FD PMU 2003, Dated 11th February, 2003 In exercise of the powers conferred by sub-section (3) of section 1 of the Karnataka Fiscal Responsibility Act, 2002, (Karnataka Act 16 of 2002) the Government of Karnataka hereby appoints the 1st April 2003 to be the day on which the said Act shall come into force.
By Order and in the name of the Governor of Karnataka, AMLAN ADITYA BISWAS Deputy Secretary to Government (B&R) Finance Department