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State of West Bengal - Section

Section 23 in New Town, Kolkata Development Authority Act, 2007

23. Annual budget estimate of the Development Authority.

(1)The Development Authority shall prepare a budget estimate for a financial year in such form as may be prescribed at least one month before the commencement of such financial year.Explanation. - "Financial year" shall mean the year commencing on the first day of April.
(2)All expenditure from the Development Fund shall be made in accordance with the provisions in the budget estimate.Chapter-VI Accounts and Audit