बहार असाधारण बहार (स0ं पटना 201) पटना
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[Bihar Act 3,2020] The Bihar Fiscal Responsibility and Budget Management (Amendment) ACT, 2020
AN
ACT
Preamble- To amend the Bihar Fiscal Responsibility and Budget Management Act, 2006, as it is necessary and expedient to revise fiscal targets for the year 2019-20, as recommended by Government of India for fiscal consolidation.
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Be it enacted by the Legislature of the State of Bihar in the seventy first year of the Republic of India as follows :-
1. Short title, extent and commencement - (1) This Act may be called The Bihar Fiscal Responsibility and Budget Management (Amendment) Act, 2020.
(2) It shall extend to the whole of the State of Bihar.
(3) It shall come into force on such date as the State Government may, by notification in the official Gazette, appoint in this behalf.
2. Amendment in section 9 of The Bihar Act 5, 2006.— The following new sub-section 2(b)(3) after sub-section 2(b)(2) of section 9 of the Bihar Fiscal Responsibility and Budget Management Act, 2006 (Bihar Act 5, 2006) shall be added :-
"(3) The fiscal deficit targets for the year 2019-20 shall be increased by an amount of Rs. 5,688.00 (Five thousand Six hundred and Eighty Eight) crore over and above the limits prescribed in sub-section 2(b)(1) of section 9. The borrowing limit shall accordingly be increased."
By order of the Governor of Bihar,
Brajesh Kumar Malviya,
Joint Secretary to Government.
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अधी क, सचवालय मु!णालय, बहार, पटना }kरा "का#शत एव ंमु'!त। बहार गजट (असाधारण) 201-571+400-डी0ट0पी0।
Website: http://egazette.bih.nic.in
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