(1) The Government may, from time to time, make subventions and grants to the Board for the purposes of this Act, on such terms and conditions as the Government may, in each case, determine.
Subventions, loans and grants to Board
(2) The Government may, from time to time advance loans to the Board on such terms and conditions not inconsistent with the provisions of this Act, as the Government may determine.
17. Subject to the provisions of sections 18, 22 and 23; the Board shall have power to spend such sums as it deems fit on purposes authorised by this Act:
Power of Board to spent.
Provided that nothing in this section shall be deemed to prevent the Board from spending, with the previous approval of the Government, such moneys as it thinks fit on any such purpose outside the State of Tamil Nadu.
Budget 18. (1) The Board shall, by such date in each year as may be proscribed, prepare and submit to the Government for approval a budget in the prescribed form for the next financial year showing the estimated receipts and expenditure in respect of palm products industry during that financial year
(2) Subject to the provisions of sub-sections (3) and
(4) no sum shall be expended, by or on behalf of the Board, unless such expenditure is covered by a specific provision in the budget approved by the Government.
(3) The Board may, within the limits of the Budget, sanction any re-appropriation from one head of expenditure to another or from a provision made for one scheme to that in respect of another :
Provided that no re-appropriation from the head “Loan” to any other head of expenditure and vice versa in the budget shall be sanctioned by the Board except with the previous approval of the Government and the Khadi and Village Industries Commission.
(4) The Board may, within such limits and subject to such conditions as may be prescribed, incur expenditure in excess of the limit provided in the budget approved by the Government under any head of expenditure or in connection with any particular scheme so long as the aggregate amount in the budget approved by the Government is not exceeded Borrowing of money.
19. Subject to such rules as may be made in this behalf by the Government, the Board shall have power to borrow on the security of the Palm Products Industry Fund or any other asset for any purpose to which such Fund or asset may be applied.
Account and audit