Para 6.7 — MSO (A&E)
Original Rule Text
6.7 In cases where the loan expenditure is, under special orders, to be conducted and controlled by the public works department, the amounts debitable to the several loan accounts will appear in the Monthly Accounts through the Accounts of Divisional Officers.
What This Means
When loan expenditure is handled by the Public Works Department under special government orders, the amounts for each loan account appear in the monthly accounts through the Divisional Officers' accounts (not through treasury accounts). This means the AG picks up the loan debits from PWD divisional account compilations rather than from regular treasury schedules.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1PWD-managed loan expenditure flows through Divisional Officers' monthly accounts
- 2This happens only under special government orders authorizing PWD to handle the expenditure
- 3The AG captures loan debits from PWD accounts, not treasury schedules
- 4Each loan account's debitable amounts are identified from the divisional compilation
Practical Example
The State Government sanctions a Rs. 50 crore loan to a city for a flyover project, with the PWD executing the work. Each month, the Executive Engineer's divisional account shows expenditure of Rs. 2 crore on the project. The AG picks up this Rs. 2 crore from the PWD monthly account and debits it to the city's loan account in the Subsidiary Loan Register, rather than looking for it in the regular treasury schedule.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why would loan expenditure go through PWD instead of the borrower directly?▼
Does this change how interest is calculated on the loan?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.