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SECOND SCHEDULE
The National Treasury Management Agency Advisory Committee
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Section 9
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1. The Committee shall consist of not less than 5 nor more than 7 members (one of whom may be the Chief Executive) who shall be appointed to be such members by the Minister.
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2. (1) Subject to the provisions of this Schedule, members of the Committee shall hold office for such period and on such terms and conditions as the Minister may determine.
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(2) The Minister may at any time remove a member of the Committee from office.
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(3) A member of the Committee may at any time resign from office by letter addressed to the Minister.
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(4) A member of the Committee shall be paid such remuneration and allowances for expenses incurred by him as the Agency, with the consent of the Minister, may determine.
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(5) A member of the Committee whose term of office expires by effluxion of time shall be eligible for re-appointment as such member.
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3. (1) There shall be a chairman of the Committee who shall be appointed by the Minister from amongst the members of the Committee.
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(2) Subject to the provisions of this Schedule, the chairman of the Committee shall hold office as such chairman for such period and on such other terms and conditions as the Minister may determine.
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(3) The Minister may at any time remove the chairman of the Committee from his office as such chairman.
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(4) The chairman of the Committee may at any time resign from office as such chairman by letter addressed to the Minister.
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(5) The chairman of the Committee shall be paid such remuneration and allowances for expenses incurred by him as the Agency, with the consent of the Minister, may determine.
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4. A member of the Committee shall be disqualified for holding and shall cease to hold office if he is adjudged bankrupt or makes a composition or arrangement with creditors or is sentenced by a court of competent jurisdiction to a term of imprisonment or penal servitude.
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5. The Committee shall hold such and so many meetings as may be necessary for the performance of its functions.
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6. The Minister may fix the date, time and place of the first meeting of the Committee.
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7. The quorum for a meeting of the Committee shall—
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(a) if the number of members of the Committee is 5, be 3, and
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(b) if the number of members of the Committee is more than 5, be 4.
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8. At a meeting of the Committee—
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(a) the chairman of the Committee shall, if present, be the chairman of the meeting, and
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(b) if and so long as the chairman of the Committee is not present or if the office of chairman is vacant, the members of the Committee who are present shall choose one of their number to be chairman of the meeting.
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9. The chairman of the Committee, and each other member of the Committee, present at a meeting shall have a vote.
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10. Every question at a meeting of the Committee shall be determined by a majority of the votes of the members present and voting on the question and, in the case of an equal division of votes, the chairman of the meeting shall have a second or casting vote.
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11. The Committee may act notwithstanding one or more than one vacancy among its members.
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12. Subject to the provisions of this Schedule, the Committee shall regulate, by standing orders or otherwise, the procedure and business of the Committee.
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