Section 122Estimates of income and expenditure to be laid annually before the Kartripakkha

s. 122

122. Estimates of income and expenditure to be laid annually before the Kartripakkha (1) The Chairman shall, at a special meeting to be held in the month of May in each year, lay before the Kartripakkha an estimate of the income and expenditure of the Kartripakkha for the next ensuing financial year. (2) Every such estimate shall make provision for the due fulfilment of all the liabilities of the Kartripakkha and for the efficient administration of this Act. (3) Every such estimate shall differentiate capital and revenue funds, and shall be prepared in such form, and shall contain such details, as the Government or the Kartripakkha may from time to time direct. (4) Every such estimate shall be completed and printed, and a copy thereof sent, by post or otherwise, to each [member], at least ten clear days before the date of meeting at which the estimate is to be laid before the Kartripakkha.

1. 70. The word “member” was substituted for the word “Trustee” by section 2 of the Town Improvement (Amendment) Act, 1987 (Act No. XXIX of 1987)