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PART V
Finance of the Authority
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Annual estimates of expenses and receipts.
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44.—(1) The Board shall prepare, in respect of each financial year, an estimate in such form as the Minister may require of—
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(a) the moneys required to meet the expenses of the Authority in the exercise of its functions and duties in that year, and
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(b) the receipts accruing to the Authority from all sources in that year.
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(2) The estimate shall have regard to the provisions of the annual programme of activities referred to in section 32.
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(3) The estimate when adopted by the Board shall be submitted to the Minister for his approval.
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(4) The Minister, in conveying his approval, shall indicate such (if any) amendments of the estimate as he considers necessary. The Board may, however, with the consent of the Minister, incur expenditure that—
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(a) is not provided for in the estimate as originally approved by the Minister but is subsequently considered necessary, or
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(b) exceeds the total net expenditure originally approved by the Minister, if such excess is subsequently considered necessary.
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