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Cap. 261 · cap/261 (Cap. 261)

Cap. 261 Art. 13Estimates of the Authority.

In KraftAmtlicher Text

(1) The Authority shall cause to be prepared in every financial year, and shall not later than twelve (12) weeks after the end of each financial year, adopt estimates of the income and expenditure of the Authority for the subsequent financial year.

(2) In the preparation of such estimates the Authority shall take account of any funds and other moneys that may be due to be paid to it out of the Consolidated Fund during the relevant financial year, whether by virtue of this Act or of an appropriation act or of any other law; and the Authority shall so prepare the said estimates as to ensure that the total revenues of the Authority are at least sufficient to meet all sums properly chargeable to its revenue account, including, but without prejudice to the generality of that expression, depreciation.

(3) The estimates shall be made out in such form and shall contain such information and such comparisons with previous years

(5) The Minister shall, at the earliest opportunity and not later than six weeks after he has received a copy of the estimates from the Board (or if at any time during that period the House is not in session within six weeks from the beginning of the next following session), cause such estimates to be laid before the House together with a motion that the House approves the said estimates. Not less than one sitting shall be allotted for the debate in the House on such a motion; and both the motion and the approval of the estimates by the House may be with or without amendments to the estimates.

Änderungsgeschichte
  • Amended by X.2023.11