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[Cites 0, Cited by 0] [Section 11] [Entire Act]

State of Bihar - Subsection

Section 11(3) in The Bihar Fiscal Responsibility and Budget Management Act, 2006

(3)
(a)Except as provided under this Act, no deviation in meeting the obligations cast on the State Government under this Act shall be permissible without approval of 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 of Finance shall make a statement in both the Houses of 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.