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CHAPTER IV |
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| 12. | Power to sanction expenditure | ||||
| (1) |
An officer of the Authority in the rank of a Joint Director or a Deputy Director and an officer of the Authority specified as Head of Office by the Chairman shall have power to sanction expenditure upto five thousand rupees recurring and upto one lakh rupees nonrecurring relating to schemes already approved by the competent authority and also to office contingencies, supplies and services on any single item at one time, subject to the budget provisions relating to that item. |
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| (2) |
An
officer of the Authority of the rank of Assistant Director shall have
power to sanction expenditure upto five thousand rupees nonrecurring for
office contingencies, supplies and services on any single item at one
time; subject to the budget provisions relating to that item. |
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| 13. | Power to re-appropriate between sub-heads of expenditure, write off losses, enter into and execute contracts and lease deeds. | ||||
| (1) |
The
Chairman shall have power to re-appropriate estimated savings between
sub-heads within a head of expenditure, subject to a ceiling of 25% of the
approved budget. |
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| (2) |
The Chairman shall have power to write off as irrecoverable losses upto an amount of two thousand five hundred rupees. The Secretary shall have no power to write-off irrecoverable losses. |
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| (3) |
The
Chairman or any officer of the Authority authorised in this regard by the
Authority shall have power to enter into contracts involving expenditure
sanctioned by the competent authority. |
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| (4) |
The Chairman shall have power to execute lease deeds and power-of-attorney. |
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| (5) |
The Secretary or any officer of the Authority, authorised in this regard by the Chairman, shall have power to execute such lease deeds and powers-of-attorney, the terms and conditions of which have been approved by the Chairman. |
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