In framing a budget a Municipality shall provide for the maintenance of such minimum closing balance (if any) as the 1[State Government] may by order prescribe. 2
Footnotes in the official text
- 1.Subs. by A. O. 1950 for (Provl. Govt.), which had been Subs. by the A. O. 1937 for (L.G.).
- 2.The power has been delegated to Commissioner, see not. no. 1858/XI-10-H., dated July 3, 1916, pp. 325-326 of Municipal Manual, 1952 edition.