Section 5 in Punjab Panchayat Samitis and Zila Parishads Finance, Budget and Accounts Rules, 2014
5. Appropriation.
- An appropriation is intended to cover all the charges including the liabilities of the past year to be paid during a financial year or to be adjusted in the accounts of that year, it is operative until the close of that year. Any unspent balance shall not be available for utilization alter the close of the year.
