Section 80 in Jammu and Kashmir Municipal Corporation Act, 2000
80. Budget Estimates.
(1)The Corporation shall not later than the first week of February of every year, adopt for the ensuing year a budget estimate which shall be an estimate of the income and expenditure of the Corporation to be received and incurred on account of the Corporation.(2)The budget estimate adopted under sub-section (1) shall be submitted to the Government not later than the last week of February proceeding the year to which the budget estimate relates.(3)The budget estimates received by the Government under sub-section (2), shall be returned to the Corporation before the thirty first day of March after approval without any modification or with such modification as the Government may deem fit.(4)The budget estimate shall be prepared in such manner and shall provide for all such matters as may be prescribed.
