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115. (1) 2[the Karya Samiti of the Kshettra Panchayat shall in consultation with the Vitta Evam Vikas Samiti, the Shiksha Samiti and the Samata Samiti] and with due regard to the provisions of the proviso to sub-section (1) of section 99 prepare before such date as is fixed by rule in this behalf a complete account of its actual and expected receipts and expenditure for the year ending on the 31st day of March next following such date, together with a budget of its income and expenditure for the year commencing on the 1st day of April next following : Provided that the estimated income shall show separately grants from the State Government towards planning and development activities and the estimates of expenditure shall show separately how such grants are proposed to be expended. (2) 3[ * * * * ] (3) 3[ * * * * ] (4) The 1[Kshettra Panchayat] shall every year at a meeting called before a date specified by rule for the purpose discuss the account and budget prepared by the 4[Karya Samiti] 5[* * * ] and then by resolution pass the budget without any modifications or with such modifications as it may deem fit to make. (5) If by the date prescribed for the passing of the budget, the budget of any 1[Kshettra Panchayat] has not been passed under subsection (4) then the budget prepared by the 6[Karya Samiti shall be deemed to be] the budget as passed and it shall remain in force till the 1[Kshettra Panchayat] declares in ineffective after passing the budget under sub-section (4).
<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><b>115.</b> (1) <b><sup>2</sup></b>[the Karya Samiti of the Kshettra Panchayat shall in consultation with the Vitta Evam Vikas Samiti, the Shiksha Samiti and the Samata Samiti] and with due regard to the provisions of the proviso to sub-section (1) of section 99 prepare before such date as is fixed by rule in this behalf a complete account of its actual and expected receipts and expenditure for the year ending on the 31st day of March next following such date, together with a budget of its income and expenditure for the year commencing on the 1st day of April next following :<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>Provided that the estimated income shall show separately grants from the State Government towards planning and development activities and the estimates of expenditure shall show separately how such grants are proposed to be expended.<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(2) <b><sup>3</sup></b>[ * * * * ]<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(3) <b><sup>3</sup></b>[ * * * * ]<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(4) The <b><sup>1</sup></b>[Kshettra Panchayat] shall every year at a meeting called before a date specified by rule for the purpose discuss the account and budget prepared by the <b><sup>4</sup></b>[Karya Samiti] <b><sup>5</sup></b>[* * * ] and then by resolution pass the budget without any modifications or with such modifications as it may deem fit to make.<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(5) If by the date prescribed for the passing of the budget, the budget of any <b><sup>1</sup></b>[Kshettra Panchayat] has not been passed under subsection (4) then the budget prepared by the <b><sup>6</sup></b>[Karya Samiti shall be deemed to be] the budget as passed and it shall remain in force till the <b><sup>1</sup></b>[Kshettra Panchayat] declares in ineffective after passing the budget under sub-section (4). <br><br>