(1) Before the first day of December in each year, the Board shall prepare and forward to the State Government in such form as may be prescribed-
(i) a programme;
(ii) a budget for the next year.
(2) The programme shall contain-
(a) such particulars of housing scheme which the Board proposes to execute whether in part or whole during the next year as may be prescribed;
(b) the particulars of any undertaking which the Board proposes to organize or execute during the next year for the purpose of the production of building materials; and
(c) such other particulars as may be prescribed.
(3) The budget shall contain a statement showing the estimated receipts and expenditure on capital and revenue accounts for the next year.