Industrial Research and Standards Act, 1946

Finances, accounts and audits.

37.—(1) The Industrial Research Committee shall administer the financial affairs of the Institute and for that purpose all money payable under this Act or otherwise to the Institute shall be paid to the said Committee and all disbursements made by or on behalf of the Institute shall be made by the said Committee.

(2) The Industrial Research Committee shall keep, in such form as shall be approved of by the Minister with the concurrence of the Minister for Finance, all proper and usual accounts of all money received or expended by them, and in particular shall keep in such form as aforesaid all such special accounts as the Minister of his own motion or at the request of the Minister for Finance shall from time to time direct.

(3) Accounts kept in pursuance of this section shall be submitted annually by the Industrial Research Committee to the Comptroller and Auditor General for audit at such time as the Minister, with the concurrence of the Minister for Finance, shall direct and the said accounts, when so audited, shall, together with the report of the Comptroller and Auditor General thereon, be presented to the Minister who shall cause copies thereof to be laid before each House of the Oireachtas.