Section 17 in The Punjab School Education Board Financial Regulations, 1979
17. [ [Substituted vide Board's item No. 4(5) dated 21.1.1999.]
Payment shall ordinarily be made by cheques signed by the Secretary. Cheques may also be signed by the Finance & Development Officer, where the amount does not exceed Rs. Ten lacs. The Chairman may authorise any other Officer/Officers to sign cheques upto Rs. Ten lacs. But all the cheques of Salary to Staff (what ever the amount may be) will be signed by the Deputy Secretary, Finance & Accounts or the Finance and Development Officer. All expenditure shall be incurred subject to the budget provision for the year and the rules regulating the power of sanction.]
