Bihar · 2020 · Act 3
The Bihar Fiscal Responsibility and Budget Management (Amendment) ACT, 2020
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This Act is not split into sections here yet, so this is the full text read from its official PDF. Older scans can carry reading errors: check the PDF before you quote it, and for tables and schedules.
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[Bihar Act 3,2020]
The Bihar Fiscal Responsibility and Budget Management
(Amendment) ACT, 2020
AN
ACT
Preamble- To amend the Bihar Fiscal Responsibility and Budget Management Act, 2006, as
it is necessary and expedient to revise fiscal targets for the year 2019-20, as recommended
by Government of India for fiscal consolidation.
3 �बहार गजट (असाधारण), 12121212 ekpZ 2020ekpZ 2020ekpZ 2020ekpZ 2020
Be it enacted by the Legislature of the State of Bihar in the seventy first year of the
Republic of India as follows :-
1. Short title, extent and commencement - (1) This Act may be called The Bihar Fiscal
Responsibility and Budget Management (Amendment) Act, 2020.
(2) It shall extend to the whole of the State of Bihar.
(3) It shall come into force on such date as the State Government may, by notification in
the official Gazette, appoint in this behalf.
2. Amendment in section 9 of The Bihar Act 5, 2006.— The following new sub-section
2(b)(3) after sub-section 2(b)(2) of section 9 of the Bihar Fiscal Responsibility and Budget
Management Act, 2006 (Bihar Act 5, 2006) shall be added :-
"(3) The fiscal deficit targets for the year 2019-20 shall be increased by an amount of
Rs. 5,688.00 (Five thousand Six hundred and Eighty Eight) crore over and above the limits
prescribed in sub-section 2(b)(1) of section 9. The borrowing limit shall accordingly be
increased."
By order of the Governor of Bihar,
Brajesh Kumar Malviya,
Joint Secretary to Government.
————
अधी�क, स�चवालय मु!णालय,
�बहार, पटना }kरा "का#शत एव ंमु'!त।
�बहार गजट (असाधारण) 201-571+400-डी0ट�0पी0।
Website: http://egazette.bih.nic.in