Views Inside Stored Procedures.

Hi everybody,
I am trying to alter a view inside a Stored Procedure and sql server is not allowing me to do so.
Can we not have an alter view inside a Stored Procedure?
Here is the code:
 CREATE PROCEDURE dbo.[UPDATE_VIEW_LINEITEMALLOTMENT]
    -- Add the parameters for the stored procedure here
@MAINID int,
@BE VARCHAR(8)
AS
BEGIN
    -- SET NOCOUNT ON added to prevent extra result sets from
    -- interfering with SELECT statements.
    --SET NOCOUNT ON;

        ALTER VIEW [Budget_Management_System].[dbo].[LineItem_OCAFund]
        AS
        SELECT     TOP (100) PERCENT SUM(dbo.ALL_OCAFUND.AMOUNT) AS Expr2, dbo.APP_LINEITEM.LINENUM, dbo.APP_LINEITEM.PC,
                              dbo.APP_LINEITEM.CATEGORY, dbo.APP_LINEITEM.ROWID, dbo.APP_LINEITEM.MAINID
        FROM         dbo.APP_LINEITEM INNER JOIN
                              dbo.ALL_ORG ON dbo.APP_LINEITEM.ROWID = dbo.ALL_ORG.LINEITEMID INNER JOIN
                              dbo.ALL_OCAFUND ON dbo.ALL_ORG.ROWID = dbo.ALL_OCAFUND.ORGID INNER JOIN
                              dbo.APP_AMENDMENT ON dbo.ALL_ORG.AMENDMENTID = dbo.APP_AMENDMENT.ROWID AND
                              dbo.ALL_OCAFUND.AMENDMENTID = dbo.APP_AMENDMENT.ROWID
        GROUP BY dbo.APP_LINEITEM.LINEORDER, dbo.APP_LINEITEM.BE, dbo.APP_LINEITEM.MAINID, dbo.APP_LINEITEM.LINENUM, dbo.APP_LINEITEM.PC,
                              dbo.APP_LINEITEM.CATEGORY, dbo.APP_LINEITEM.ROWID, dbo.APP_AMENDMENT.AMENDMENTORDER
        HAVING      (dbo.APP_LINEITEM.BE = @BE) AND (dbo.APP_LINEITEM.MAINID = @MAINID) AND (dbo.APP_AMENDMENT.AMENDMENTORDER = 1)
        ORDER BY dbo.APP_LINEITEM.LINEORDER

  
END


thanks a lot,
Murthy here