No. 303]

CHENNAI, TUESDAY, JULY 28, 2020

Aadi 13, Saarvari, Thiruvalluvar Aandu–2051

TAMIL NADU

GOVERNMENT GAZETTE

EXTRAORDINARY

PUBLISHED BY AUTHORITY

©

[Regd. No. TN/CCN/467/2012-14.

GOVERNMENT OF TAMIL NADU

[R. Dis. No. 197/2009.

2020

[Price: Re. 0.80 Paise.

Part IV—Section 2

Tamil Nadu Acts and Ordinances

Ex-IV-2—303

An Act further to amend the Tamil Nadu Fiscal

Responsibility Act, 2003.

Bඍ it enacted by the Legislative Assembly of the State of Tamil Nadu in

the Seventy First Year of the Republic of India as follows:—

1. (1) This Act may be called the Tamil Nadu Fiscal Responsibility

(Amendment) Act, 2020.

Short title and

commencement.

(2) It shall come into force on such date as the State Government

may, by notifi cation, appoint.

Tamil Nadu Act

16 of 2003.

2. In Section 4 of the Tamil Nadu Fiscal Responsibility Act, 2003, in

sub-section (2), for clause (a), the following clause shall be substituted,

namely:-

Amendment of

section 4.

“(a) reduce the ratio of revenue defi cit to revenue receipt every year

by three per cent to fi ve per cent depending on the economic situation in that

year beginning from fi nancial year 2002-2003 and eliminate revenue defi cit

by 2021-2022 and adhere to it thereafter;”.

The following Act of the Tamil Nadu Legislative Assembly received the

assent of the Governor on the 28th July 2020 and is hereby published

for general information:—

ACT No. 18 OF 2020.

(By order of the Governor)

C. GOPI RAVIKUMAR,

Secretary to Government,

Law Department.

PRINTED AND PUBLISHED BY COMMISSIONER OF STATIONERY AND PRINTING, CHENNAI

ON BEHALF OF THE GOVERNMENT OF TAMIL NADU

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