Section 73 in The Jharkhand Agricultural Produce Markets Rules, 2000
73. Submission of budget.
- (i) The market year shall be deemed to commence on the 1st April and end on the 31st March.(ii)The Market Committee shall hold a meeting each year during the first week of January to prepare a budget of income and expenditure. The budget shall be submitted to the Assistant Director not later than the 15th of January for approval and the abstract of the receipts and expenditures of the previous year shall also be submitted to him not later than the 30th April, with a copy of both of them to the Board. The Assistant Director shall, while sending sanction to the Market Committee, endorse a copy to the Board.(iii)No expenditure shall be incurred for which there is no budget provision unless it can be met by appropriation from savings under other heads or by a supplementary grant from the available resource which should be sanctioned at a meeting of the Market Committee. A report to this effect should be immediately sent to Assistant Director with a copy to the Board.(iv)Notwithstanding anything contained in sub-rule (ii) above the Board may, for reasons to be recorded in writing, amend or revise the budget of a Market Committee.
