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Section 16: Manner of managing the Project Preparation Fund

Tamil Nadu Infrastructure Development Rules 2012State Rules of Tamil Nadu · 2012

(1) The Project Preparation Fund shall be a Fund of the Board;

(2) The balances of the Project Preparation Fund shall be maintained in the public account or part of the Government cash balances in a separate bank account or both as may be decided by the Board.

(3) The power to sanction expenditure from the Project Preparation Fund shall be delegated as follows:

(a) Upto Rs.5 lakhs - CEO;

(b) From Rs.5 lakhs upto Rs.50 lakhs - A Sub-committee of the Executive Committee comprising Principal Secretary to Government (Finance Department), the CEO and one other member to be nominated by the Executive Committee;

(c) From Rs.50 lakhs upto Rs.5 Crores - The Executive Committee;

(d) Above Rs.5 Crores - The Board:

Provided that the expenditure sanctioned by authorities other than the Board shall be reported to the Board at its next meeting;

(4) The CEO of the Board shall be the drawing and disbursing officer of the Fund and shall maintain accounts in the appropriate form.

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Where this provision sits

ActTamil Nadu Infrastructure Development Rules 2012
Section16
Marginal noteManner of managing the Project Preparation Fund
JurisdictionState of Tamil Nadu
StatusIn force as published by the source

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