Section 108 in Tamil Nadu State Housing Board Act, 1961
108. Adherence to estimate and maintenance of closing balance.
(1)No sum shall be expended by or on behalf of the Board unless the expenditure of the is covered by a current budget grant or can be met by a re-appropriation or by drawing on the closing balance.(2)The closing balance shall not be reduced below such limit as may be fixed in this behalf by the Government, from time to time.(3)The following items shall be exempted from the provisions of sub-sections (1) and (2), namely:-(a)refund of moneys belonging to contractors or other persons held in deposit, and of moneys collected by, or credited to, the Board by mistake;(b)payments due under a decree or order of a court or under an award of the Tribunal;(c)sums payable under a compromise of any suit or other legal proceeding or claim effected under this Act;(d)sums payable under this Act by way of compensation; and(e)payments required to meet any pressing emergency.(4)Whenever any sum exceeding ten thousand rupees is expended under clause (e) of subsection (3), the Chairman shall forthwith report the circumstances to the Board explaining how it is proposed to cover the expenditure.
