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[Cites 0, Cited by 0] [Section 6] [Entire Act]

State of Maharashtra - Subsection

Section 6(3) in Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005

(3)
(a)Except as provided under the first proviso to sub-section (2) of section 5 no deviation in meeting the obligations cast on the State Government under this Act, shall be permissible without approval of the State Legislature.
(b)Where owing to unforeseen circumstances, any deviation is made in meeting the obligations cast on the State Government under this Act, the Minister-in­charge of the Finance Department shall make a statement in both Houses of the State Legislature explaining,-
(i)any deviation in meeting the obligations cast on the State Government under this Act;
(ii)whether such deviation is substantial and relates to the actual or the potential budgetary outcomes; and
(iii)the remedial measures the State Government proposes to take.