Andhra Pradesh act 3 of 2014 : The Andhra Pradesh fiscal responsibility and budget management ( amendment) act 2014

Department
  • Department of Finance Department

Amend- ment of section 2 2 ANDHRA PRADESH GAZETTE EXTRAORDINARY (2) It shall come into force on such date nthe State Government may, by notification in the Andhra Pradesh Gazette, appoint. . 2. in the Andhra Pradesh Fiscal ReSponsibility and Budget Management Act, 2005, (hereinafter referred to Act“ of as pn'ncipaIAct), in section 2, after clause (R), the following 2005. Amend- ment of section 11. shall be inserted namely;— “(ka) ‘st-age -1 sanctions' means, the administrative approval accorded for the following items which will help in preparation of detailed project reports, — (i) Detailed investigation; (II) Preparation of EIA and EMP reports, R&R plan, forest clearance etc., (iii) Preparation of detailed designs/drawings; (iv) Obtaining of necessary clearances; (v) Acquisition of minimum lands required; (vi) Completion of R & Rand EMP etc.,; (vii) Shifting of ut es for R&B Works". 3. in the principal Act, in section 11, after sub- section (5), the following shall be added, namely:- “(6-A) The total value of capital works sanctioned, other than Stage- 1 sanctions, by any Department in a financial year under the appropriate Head of Account shall be such that, - ' (i) the cumulative value of sanctioned works including spill over commitments shall not exceed three times of budget eStimate for the corresponding Head of Account for that year; and Februarv I7, 201117 ANDHRA PRADESH GAZETTE EXTRAORDINARY hm) the total value of works scheduled to be executed as per contractual requirements ;in that year including spill over commitments shall not exceed one and‘a half times the budget estimate for the corresponding Head of Account for that year. (ES-B) The Minister of Finance shall review. every quarter, and shall,- (i) places the matter before the Council of Ministers to evolve a mechanism to bring the sanctions within IImits, where the works sanctioned are not in accordance with the provisions under sub-section (6-A) for any quarter; (ii) place the matter before the Legislature, where the works sanctioned are not in accordance with the provisions under sub-section (6-A) for two successive quarters; and (III ensure that the works sanctioned are brought in accordance with sub-section (6-A) within two financial years. where the works sanctioned are not in accordance with the said provisions as on the date of commencement of the said provisions under sub-section (6-A (6-C) If for any special reasons, as may be prescribed, works are sanctioned exceeding the limits in a financial year, the Minister of Finance shall during the year place before the Legislature the reasons therefor and the schedule for restoring it to the prescribed limits". A. SANTOSH REDDY, Secretary to Government, Legislative Affairs & Justice, Law Department. PRINTEDAND PUBLISHED BY THE COMMISSIONER OF PRINT INGAT LEGISLATIVE ASSEMBLY PRESS, HYDERABAD. 2014. 3

.3 Registered No. ”SE/49 [Price : T. 0-3Ii Paise_ u I gamma; maz'aILflan THE ANDHRA PRAI)ESH GAZETTE PART IV—B EXTRAORDINARY PUBLISHED BY AUTHORITY No.3] HYDERABAD, MONDAY, FEBRUARY 17, 2014. ANDHRAPRADESH ACTS, ORDINANCESAND REGULATIONS Etc. The following Act of the Andhra Pradesh Legislature, received the assent of the Governor on the 15th February, 2014 and the said assent is hereby first published on the 17th February, 2014 in the Andhra Pradesh Gazette for general information. ACT No.3 OF 2014 AN ACT FURTHER T0 AMEND THE ANDHRA‘ PRADESH FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2005. Be it enacted by the Legislature of the State of Andhra Pradesh in the Sixty-fifth Year of the Republic of indie, as follows:- 1. (1) This Act may be called the Andhra Pradesh Short Fiscal Responsibility and Budget Management 25:?“ (Amendment) Act, 2014. meme- ment. III A. 1045

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