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Section 70

The Punjab Housing Development Board Act, 1972State Act of Punjab · Act 6 of 1973

(1) The Chairman shall, at a special meeting to be held in the month of January in each year, lay before the Board an estimate of the income and expenditure in the form of a budget of the Board, for the next financial year commencing on the first day of April.

(2) Every such budget shall be prepared in such form, and shall contain such details, as may be prescribed and shall make provision for the due fulfilment of all the liabilities of the Board and for the efficient administration of this Act. It shall also differentiate capital and revenue funds.

71. The Board shall consider the budget laid before it under the last preceding section and shall sanction it either without modifications or with such modifications as it may think fit.

Where this provision sits

ActThe Punjab Housing Development Board Act, 1972
Section70
JurisdictionState of Punjab
StatusIn force as published by the source

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