Section 20(4) in Bihar Urban Local Body (Community Participation) Rules, 2013
(4)Maintenance of Accounts and Constitution of the Ward Finance Committee. - (i) A committee of three persons shall be constituted in every Ward as the Ward Finance Committee.(ii)The constitution of the Ward Finance Committee shall be through nomination held within one month of the constitution of the Ward Committee. The chairperson shall nominate the members of Ward finance committee.(iii)The Ward Finance Committee shall also appoint from amongst themselves, one person as the Chairperson who shall be the authorized signatory for maintenance and use of accounts.
