(1) The Board shall prepare and submit to the State Government by the 15th of February every year a budget estimate showing its anticipated income and expenditure for the next financial year.
General fund of Board.
Reserve fund.
Charge of expenditure to capital.
Budget estimates.
317 The West Bengal Maritime Board Act, 2000.
Accounts of Board and audit thereof.
Laying of audit report before the State Legislature.
Board to take action on audit report.
Difference of opinion between Board and the Auditor to be referred to State Government [West Ben. Act (Chapter VB.—Revenue and expenditure of Board.—Sections 45-480
(2) The State Government shall, after consultation with the Board, accord approval to the budget estimate, with or without modifications, within a period of thirty days from the date of receipt thereof.
(3) At any time during the financial year for which any budget estimate has been prepared under sub-section (1) and approved under subsection (2), the Board may prepare and submit to the State Government one or more supplementary budget estimates for approval, as far as may be, in the same manner as is provided in this Act for the preparation and submission of budget estimate.