S.L. 217.11 Art. 7Finance.

(1) The Agency shall draw up yearly estimates for each financial year and submit them for the consideration of the Minister in accordance with norms and practices established by the Minister responsible for finance.

(2) The Agency shall be paid by Government out of the Consolidated Fund such sums as the House may from time to time authorise to be appropriated to meet the cost of its operational and capital expenditure identified in its financial business plan.

(3) In the conduct of its affairs the Agency may levy fees for services related to the on-going upkeep and maintenance of the centres under its responsibility.

(4) Any excess of revenue over expenditure shall, subject to such directives as the Minister may, after consultation with the Minister responsible for finance, from time to time give, be applied by the Agency to the formation of reserve funds to be used for the purposes of the Agency; and without prejudice to the generality of the powers given to the Minister by this sub-regulation, any directive given by the Minister as aforesaid may order the transfer to the Government, or the application in such manner as may be specified in the directive, of any part of the fees, rates and other payments levied in accordance with sub-regulation (3) or any such excess as aforesaid.

(5) Any funds of the Agency not immediately required to meet expenditure may be invested in such manner as may from time to time be approved by the Minister.