Cap. 511 Art. 26Money payments, petty cash, etc. Awarding of contracts.

(1) All monies accruing to the Malta Libraries shall be paid into a bank or banks appointed as bankers by it. Such moneys shall, as far as practicable, be paid into the banks from day to day, except for such sum as the Malta Libraries may require to retain to meet petty disbursements and immediate payments.

(2) All payments out of the funds of the Malta Libraries, except petty disbursements not exceeding such sum as may be fixed by the National Librarian with the approval of the Minister, shall be made by such officer or officers of the Malta Libraries as shall be appointed or designated for the purpose.

(3) Cheques against and withdrawals from any bank account of the Malta Libraries shall be signed by such officer of the Malta Libraries as may be appointed or designated by the National Librarian for that purpose and shall be countersigned by the authorised member or officer of the Malta Libraries as may be authorised by the National Librarian for that purpose.

(4) The National Librarian shall also make provision with respect to -

(a) the manner in which, and the officer or officers by whom, payments are to be authorised or approved;

(b) the title of any account held with the bank or banks into which its monies are to be paid, and the transfer of funds from one account into another;

(c) the method to be adopted in making payments out of its fund; and the Minister granted after consultation with the Minister responsible for finance, award or enter into any contract for the supply of goods or materials or for the execution of work or for the rendering of services, to or for the benefit of the Malta Libraries, which is estimated by the National Librarian to involve an expenditure exceeding seven thousand euro (€7,000) or such other amount as the Minister responsible for Finance may authorise, except after notice of its intention to enter into such contract has been published and competitive tenders have been issued:

Provided that the Malta Libraries shall adhere to procurement regulations as issued by Government.