Section 7 in The Jharkhand Fiscal Responsibility and Budget Management Act, 2007
7. Acknowledgement of liabilities in Annual Budget.
(1)While presenting the Annual Budget for the current year, State Government shall furnish a statement showing the deferred liabilities on the following accounts:(i)State's matching share under Central sponsored plan schemes not provided for in the previous years and the deficit of such State share in the current financial year;(ii)Bills presented in the treasury but not encashed at the close of the previous financial year;(iii)Central assistance received but not utilized at the end of a particular financial year; and(iv)Undisbursed amount lying in the civil deposits.
