Chapter IVState · Karnataka
Section 34 of KARNATAKA ACT NO. 32 OF 2025
Budget of the Authority.- (1) The Authority shall prepare every year, before such date and in such form as may be prescribed, a budget estimate of its income and expenditure for the financial year and shall forward it to the State Government for sanction.
- (2)The Department of Science and Technology, Government of Karnataka
shall be the nodal Department for the Authority on behalf of Government to exercise
supervision, control and to issue directions to the Authority
- (3)Expenditure shall be incurred out of the sanctioned budget by the Authority and as per approved plan. In case of any emergency for expenditures related to other matters or issues or plans, a special meeting of the authority shall be convened to decide on the same
- (4)The Authority shall not have power to reappropriate funds from one unit of expenditure to another unit, beyond the permissible limits as stipulated by the Government. However, prior approval of the State Government is required for any re- appropriation beyond permissible limit