(1) Every contractmadc: ..by the Board shall be entered Into in such manner and in such form as may be prescribed and be signed by the Chairman on behalf of the Board:
Provided .that-c-, ..... .... ·_".'_ ...
(a) no contract involving an expenditure of rupees five lakhs or more shall be made without the previous sanction of the State Government;
(b) and contract involving an expenditure upto rupees fifty thousand may, in case of urgency, be made by the Chairman without the previous sanction of the Board but shall be referred to the Board at the earliest oppor tunity.
(2) Sub-section (1) shall apply to every variation or abandonment of a contract as well as to an original contract.
11. Subject to any. rule which the State Government may make in this behalf, the Board may by order direct that the power to sign a contract shall be exercisable also by the Secretary or any other officer specified by it in the order.
CHAPTER III Housing Schemes
12. (I) Subject to the provisions of this Act, the Board may, from 'time to time, incur expenditure and undertake works for the framing and execution of such housing schemes in relation to lands and buildings vested in or in the possession of the State Government.
(2) The State .Governrnent may, on such terms and conditions as it may think fit to' impose, entrust to the Board the framing and execution of any housing scheme and the Board shall thereupon undertake the framing and execution of such scheme.
(3) The Board may, on such terms and conditions as may be agreed upon and with the previous approval of the State Government, take over for execution any housing scheme, on behalf of a local authority or co-operative society, or on behalf of an . employer, for building house property;
mainly for the residence of the employees of such local authority, co-operative society or employer or for the residence of the members of such co-operative society, as the case may be.
13. Notwithstanding anything contained in any other law for the time being in force, a housing scheme may provide for all or any of the following matters, namely» ' Delegation oj Board's power to sign contracts.
Powers and duties oj Board to undertake housing schemes.
M atters to be provided forby housing schemes.
Submission oj Budget to Board.
(a) the acquisition. by purchase, exchange or otherwise of any property necessary for the scheme;
(b) the construction and reconstruction of buildings;
(c) the sale, letting out or exchange of any property included in the scheme;
(d) the roads, drainage, water-supply, lighting, schools, hospitals, dispensaries, market places. parks, play grounds and open. spaces within a housing scheme;
(e) the reclamation or reservation of land for markets, gardens, schools, dispensaries, hospitals, and other . amenities in a housing scheme;
(f) the letting out, management and use, of the Board premises;
(g) accommodation for any class of inhabitants;
(h) . the advancing of money for the purp9seof the.
scheme;
(i) the collection of such information and statistics as may be necessary fer successful implementation of the scheme, development of any urban or rural area for successful implementation of housing schemes and for purposes ancilliary or incidental thereto;
(j) any other matter for which, in the opinion of the Board or the State Government, it is expedient to make provision with a view to providing housing accommodation and to improving or "developing of any area included in a housing scheme.