| CHAPTER
VII
FINANCE, ACCOUNT S AND AUDIT OF BUREAU |
| Grants and loans by Central
Government |
19 |
The Central Government
may, after due appropriation made by Parliament by
law in this behalf, make to the Bureau or to the State
Government grants and loans of such sums or money
as the Central Government may consider necessary.
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| Establishment of Fund
by Central Government |
20 |
(1) There shall be constituted a
Fund to be called as the Central Energy Conservation
Fund and there shall be credited thereto - |
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(a) any grants and
loans made to the Bureau by the Central Government
under section 19; |
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(b) all fees received
by the Bureau under this Act; |
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(c) all sums received
by the Bureau from such other sources as may be decided
upon by the Central Government. |
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(2) The Fund shall
be applied for meeting - |
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(a) the salary, allowances
and other remuneration of Director-General, Secretary
officers and other employees of the Bureau, |
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(b) expenses of the
Bureau in the discharge of its functions under section
13; |
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(c) fee and allowances
to be paid to the members of the Governing Council
under sub-section (5) or section 4; |
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(d) expenses on objects
and for purposes authorised by this Act |
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| Borrowing powers of Bureau |
21 |
(1) The Bureau may, with the consent
of the Central Government or in accordance with the
terms of any general or special authority given to
it by the Central Government borrow money from any
source as it may deem fit for discharging all or any
of its functions under this Act. |
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(2) The Central Government may guarantee,
in such manner as it thinks fit, the repayment of
the principle and the payment of interest thereon
with respect to the loans borrowed by the Bureau under
sub-section (l). |
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22 |
The Bureau shall prepare, in such
form and at such time in each financial year as may
be prescribed, its budget for the next financial year,
showing the estimated receipts and expenditure of
the Bureau and forward the same to the Central Government. |
Budget |
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23 |
The Bureau shall prepare, in such
form and at such time in each financial year as may
be prescribed, its annual report, giving full account
of its activities during the previous financial year,
and submit a copy thereof to the Central Government. |
Annual report |
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24 |
The Central Government shall cause
the annual report referred to in section 23 to be
laid, as soon as may be after it is received, before
each House of Parliament. |
Annual report tobe laid before Parliament |
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25 |
(1) The Bureau shall maintain proper
accounts and other relevant records and prepare an
annual statement of accounts in such form as may be
prescribed by the Central Government in consultation
with the Comptroller and Auditor-General of India. |
Accounts and Audit |
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(2) The accounts of the Bureau shall
be audited by the Comptroller and Auditor-General
of India at such intervals as may be specified by
him and any expenditure incurred in connection with
such audit shall be payable by the Bureau to the Comptroller
and Auditor-General. |
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(3) The Comptroller and Auditor-General
of India and any other person appointed by him in
connection with the audit of the accounts of the Bureau
shall have the same rights and privileges and authority
in connection with such audit as the Comptroller and
Auditor-General generally has in connection with the
audit of the Government accounts and in particular,
shall have the right to demand the production of books,
accounts, connected vouchers and other documents and
papers and to inspect any of the offices of the Bureau. |
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(4) The accounts of the Bureau as
certified by the Comptroller and Auditor-General of
India or any other person appointed by him in this
behalf together with the audit report thereon shall
forward annually to the Central Government and that
Government shall cause the same to be laid before
each House of Parliament. |
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