Rule 7 - Power of the Authority to Expenditure

Expenditure approval powers: Chairperson may approve routine and contingent spending within delegated limits, preserving central oversight.

Authority expenditure approval rests with the Authority, with delegated powers to the Chairperson to approve minor works (below rupees fifty lakhs), recurring items (salaries, travel, publicity, rent, taxes, professional/legal fees), and contingent expenditure within monetary ceilings; the Authority remains competent to exceed those ceilings. Financial controls require dual signatures on cheques/pay orders with tiered signing authority, Chairperson approved official tours subject to Central Government travel rules and prior sanction for the Chairperson's foreign travel, and prescribed entitlements aligned with Central Government equivalents. The Authority may write off irrecoverable losses with written reasons and prior Central Government approval where sums exceed rupees one lakh.