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State of Odisha - Section

Section 142 in The Orissa Municipal Corporation Act, 2003

142. Supplementary budget.

- The Corporation may, on the recommendation of the Standing Committee, from time to time during any year, pass a supplementary budget estimate for the purpose of meeting any special or unforeseen requirement arising during that year, but in no case, cash balance under General Account-Revenue at the close of the year shall be reduced below one lakh and fifty thousand rupees.