Section 45
. Pow:;!r to borrow money . -The Authority may also borrow rno:,ey l way of loans or debentures from such sources. (other than the Stai.e and 11 Central Government) and on such. terms and conditions as may be approved I the State Oovemment .
45 . Pow:;!r to borrow money . -The Authority may also borrow rno:,ey l way of loans or debentures from such sources. (other than the Stai.e and 11 Central Government) and on such. terms and conditions as may be approved I the State Oovemment .
4!6. Sin!ii11g fllnci.-(1} The Authority sl 1all maintain a sinfong tunrl for ti re-payment of moneys borrowed under section 44 and shall pay ev.ery ymi Jr the sinking funds such sum as may be sufficient for ,e-payment withrn the p riod fixed of all moneys so borrowed .
The sJnking fund or par! thereof shall be appned: in ex towards the rj charge of lhe loan .or which such fund was created, and unlil such loan wholly discharged i1 shail not be applied for any other purpose .
/47. Sualgei oi the ;1,uir;o , ily . --The Authority shall prepare every year. such fonn and al such time , as may be prescribed by rules. a budget irresp, of the financial year next ensuing showing the estimated receipts a
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e::penci1Wre of the Authority and shall forward to the Stale Government s.rch number or copies thereof as may be prescribed by rules .
· ,~o . . .f...1Jdi~.-{1) The audit of t;,e Accounts of the Authority shall be made by such person as may be appointed by the State Government .
(2) Tho av.di! r,hdl be made in such manner as may be prescribed by rules
The auditor shall suomlt his audit report to the Authority and shall iorward a copy thereof lo the State Government
?:· . Anm,al Repori . -The Authority shall prepare for every year a , ~part . of i , ~ activities during that year and· submit the report to tho State Gov(p, nment in such form and on or before such date as ma~, be prescribed by rules.
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Commer.is and case-Iaw
[illegal construction.-Tho proviso -to section 54 envisages notice of proposed demo:ilion only to owners and not to individual occupiers or tenants ot the illegaliy constructed orerniscs proposed to be demolished. Srikrishnapuri Boring