(1) The Board shall submit an annual report including an audit report to the Government before the end of the second quarter of the next financial year;
(2) The Board shall maintain proper accounts and other relevant records in such manner as the Government may direct;
(3) The accounts of the Board shall be audited once every year and if so required by the Government concurrently with the compilation of such accounts by an auditor appointed under sub-section (1) of section 226 of the Companies Act, 1956 (Central Act 1 of 1956) who shall be appointed by the Board with the approval of the Government and who shall receive such remuneration as the Board may fix;
8
(4) The auditor shall have the same rights, privileges and authority in connection with the audit of the accounts of the Board as the Comptroller and Auditor General of India has in connection with the audit of the Government accounts and in particular shall have the right to demand production of books of accounts, connected vouchers and other documents of the Board;
(5) Within fourteen days after the audit and examination of the accounts of the Board have been completed, the auditor shall forward copies of the audit report to the Board specifically stating as to whether in his opinion the accounts exhibit a true and fair view of the state of affairs of the Board;
(6) The accounts of the Board as certified by the auditor together with audit report along with the remarks of the Board thereon shall be forwarded to the Government.
APPENDIX - I Format for Publication of the Details of Project Recommended by TNIDB to Government in the TNIDB Web-site (see rule 6) Sl. No.
TNIDB Project ID Name of the Project Sponsoring Agency Mode of Implementation (Public / PPP) Total Project Cost Remarks 9 APPENDIX - II Memorandum for In-Principle Approval for Financial Support from Tamil Nadu Infrastructure Development Fund.
(See rule 12) S. No. Parameters Response
1. General
1.1 TNIDB Project ID
1.2 Name of the Project
1.3 Sector
1.4 Sponsoring Agency
2. Project Description
2.1 Brief description of the project
2.2 Justification for the project
2.3 Type of PPP (Refer Schedule II of the Act) (Tick the appropriate type) O Build-Operate-Transfer (BOT) O Build-Own-Operate (BOO) O Build-Own-Operated-Transfer (BOOT) O Build-Transfer-Operate (BTO) O Design-Build-Finance-Operate-Transfer (DBFOT) O Management Agreement O Lease Management Agreement O Built-Lease-Transfer (BLT) O Rehabilitate-Operate-Transfer (ROT) O Rehabilitate-Own-Operate (ROO)
2.4a Estimated Total Project Value (please refer Explanation under Section 1(3) Rs.
2.4b Estimated total project cost (refer Rule 2(h)) with break-up under major heads of expenditure and the basis of cost estimation Rs.
2.5 Phasing of investment
2.6 Project Implementation Schedule a Probable date of bidding:
b Probable date of LOA:
c Probable date of signing of Concession Agreement:
10 S. No. Parameters Response d Probable date of COD:
e Duration of Concession:
3. Financing Arrangements
3.1 Has the financial model for the projects been developed If yes, attach a copy of the same Yes / No
3.2 Indicate the revenue streams of the Project (annual flows over project life).
Also indicate the underlying assumptions a Direct recovery from the project through user charges Rs.
b Real estate development, if any? Rs.
c Advertisement revenue Rs.
d Others, if any (Please specify). Rs.
e Total Rs.
3.3 Resources to be raised by the Concessionaire a Equity base of Concessionaire of which–
1. Authorized capital Rs.
2. Equity capital structure Rs.
3. Preference share capital Rs.
b Debt to be raised of which
1. Senior Debt Rs.
2. Subordinate Debt Rs.
3. Any other Rs.
3.4 Public Financial Support expected Yes / No
3.5 Type of Public Financial Support Expected:
a Subsidy/Capital Grant during construction period Rs.
b Operational grants during construction period Rs.
c Equity Rs.
d Loans (with interest or without) Rs.
e Government guarantee Rs.
f Escrow Account g Development rights on land (including tradable development rights) 11 S. No. Parameters Response h Incentives from Government in the form of concessions on payment of taxes, duties and other statutory levies (Please specify) i Any other concession from Government (please specify)
3.6 Sources of Public Financial Support:
a Sponsoring Agency’s internal resources Rs.
b Budgetary allocation, if any Rs.
c Eligibility for accessing Government of India VGF Yes / No d Accessing Government of India VGF Yes / No e Extent of Government of India VGF envisage Rs.
f Other financing arrangements, if any Yes / No g Extent of other financing arrangements Rs.
h Sub-total Rs.
3.7 Financial support expected from TNIDF a Support from TNIDF envisaged and reason for seeking such support?
Yes / No b Extent of financial support from TNIDF envisaged?
Rs.
c Form of support
1. Subsidy/Capital Grant during construction period
2. Operational Grant during operations period
3. Annuity
4. Equity
5. Loan
6. Sub-total d Is State Support including support from TNIDF to be a tender criterion?
3.8 Indicate the revenue streams of the Project (annual flows over project life).
Also indicate the underlying assumptions.
1. Direct recovery from the project through user charges.
2. Real estate development, if any?
12 S. No. Parameters Response
3. Advertisement revenue
4. Others, if any (Please specify)
3.9 Indicate the NPV of revenue streams with discount rate
3.10 Who will fix the tariff/user charges?
Please specify the process in detail.
3.11 Will the project have predetermined user charges/tariffs
3.12 Can the user charges/tariffs be increased for reducing the State support? If no, please furnish an undertaking for the same.
3.13 Can the concession period be increased for reducing the state support? If no, please furnish an undertaking for the same.
3.14 Can the total project costs be restricted or phased out for reducing the state support? If no, please furnish an undertaking for the same.
4 IRR
4.1 Economic IRR (if computed)
4.2 Financial IRR, indicating various assumptions (attach separate sheet if necessary) 5 Clearances
5.1 Status of environmental clearances
5.2 Clearance required from the State Government and other local bodies
5.3 Other support required from the State Government 6 Concession Agreement
6.1 Is the Concession Agreement based on a duly approved model concession agreement? If yes, indicate the details thereof (in a note to be attached).
6.2 Draft Concession Agreement been vetted by the Board? If not enclose copy.
7. Criteria for short-listing of the private sector participant
7.1 Is short-listing to be in one stage or two stages?
13 S. No. Parameters Response
7.2 Indicate the criteria for short-listing (attach separate sheet if necessary)
8. Others
8.1 Remarks, if any 14 APPENDIX - III Application for Assistance from Project Preparation Fund (See rule 15) S. No. Parameters Response
1. Name of the Project.
Project Id number (if available)
2. Sector
3. Public Agency implementing the project
4. Details of Preliminary studies undertaken, if any. Attach relevant documents / reports.
5. Whether REOI floated? Attach relevant documents.
6. Estimated Project Cost , may furnish a break up.
7. Does the project have linkages with similar projects?
8. PPF to be used for:
a. Preparation of Feasibility Study b. Detailed Project Study c. Any other technical/economic/legal study – Please specify d. Consultancy services – Please specify nature of services e. Preparation of tender documents f. Capacity Building – Training, seminar, conference, workshop (please specify) g. Research h. Sitting fees, honoraria and payment for professional charges i. Any other
9. Estimated Preparatory Expenses Item Unit Cost Number of Units Total Cost Rs. Lakhs Specialists / Experts Event related costs (please list) Any other costs Total Estimated 15 S. No. Parameters Response Costs
10. Amount of support sought from PPF.
11. Is there a possibility of recovering costs? If so, by what mechanism.
Certificate It is certified that no portion of the financial support sought from the PPF will be incurred on:
i. Expenses on own staff of the applicant department.
ii. Expenses incurred for engagement as Consultants of any serving employees of Government.
16 APPENDIX - IV Format for Release of State Support (See rule 13) S. No. Parameters Response 1 TNIDB Project ID 2 Name of the Project 3 Sector 4 Type of PPP (Refer Schedule II of the Act.)
5 Sponsoring Agency 6 Total Project Cost (TPC) Rs.
7 Brief description of the current status of the project 8 Project Implementation Schedule 9 Details of in-principle sanction of State Support from TNIDF (copy of order to be enclosed) Date of Sanction Amount sanctioned Form of support (Capital grant/ operational grant / annuity/ equity / loan) Percentage of TNIDF support to TPC 10 Any other form of State Support (details) Rs.
11 Any Government of India VGF accessed? Details 12 Phasing of disbursal of TNIDF support Phase 1 – Description – Rs.
Phase 2 – Description – Rs.
Phase 3 – Description – Rs.
Phase 4 – Description – Rs.
13 Extent of TNIDF Support already availed / released Rs.
14 Extent of State Support requested in this request Rs.
15 Conditions to have been met under the Concession Agreement for eligibility for release:
Concessionaire· 17 S. No. Parameters Response Financial Institutions release of debt· Certification by Independent Engineer/Auditor· Any other 16 Agency to whom the amount has to be released 17 A certificate to the effect that all the conditions for release have been met or waived by the competent authority (To be attached) 18 Remarks or any information