Regd. No. NW/CH-22 Regd. No. CHD/0092/2018-2020 PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 28, 2020
(ASVN 6, 1942 SAKA)
EXTRAEXTRAEXTRAEXTRAEXTRAORDINARORDINARORDINARORDINARORDINARYYYYY
Published by AuthorityPublished by AuthorityPublished by AuthorityPublished by AuthorityPublished by Authority
CHANDIGARH, MONDAY, SEPTEMBER 28, 2020
(ASVINA 6, 1942 SAKA)
LEGISLATIVE SUPPLEMENT
Contents Pages
Part - I Acts
The Punjab Fiscal Responsibility and Budget Management (Second Amendment) Act, 2020
(Punjab Act No. 11 of 2020)
.. 91-92
Part - II Ordinances
Nil
Part - III Delegated Legislation
Nil
Part - IV Correction Slips, Republications and
Replacements
Nil
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PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 28, 2020
(ASVN 6, 1942 SAKA)
PART I
GOVERNMENT OF PUNJAB
DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB
NOTIFICATION
The 28th September, 2020
No.14-Leg./2020.- The following Act of the Legislature of the State of
Punjab received the assent of the Governor of Punjab on the 23th day of
September, 2020, is hereby published for general information:-
THE PUNJAB FISCAL RESPONSIBILITY AND BUDGET
MANAGEMENT (SECOND AMENDMENT) ACT, 2020
(Punjab Act No. 11 of 2020)
AN
ACT
further to amend the Punjab Fiscal Responsibility and Budget
Management Act, 2003.
BE it enacted by the Legislature of the State of Punjab in the
Seventy-first Year of the Republic of India as follows:-
1. (1) This Act may be called the Punjab Fiscal Responsibility and Budget Short-title and commence-ment.
Management (Second Amendment) Act, 2020.
(2) It shall come into force at once.
2. In the Punjab Fiscal Responsibility and Budget Management Act,
2003, in section 4, in sub-section (2), for clause (a), the following clause shall
be substituted, namely:-
Amendment of section 4 of Punjab Act 11 of 2003.
(i) Implementation of One Nation One Ration Card System;
(ii) Ease of doing business reforms;
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PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 28, 2020
(ASVN 6, 1942 SAKA)
(iii) Urban Local body/utility reforms; and
(iv) Power Sector reforms.
The weightage of each reform is 0.25 per cent of GSDP totaling to 1.0
per cent (one per cent). The remaining borrowing limit of 0.50 per cent will
be conditional on undertaking of at least 3 out of the above-named reforms;".
S.K. AGGARWAL,
Secretary to Government of Punjab,
Department of Legal and Legislative Affairs.