Pyrite Resolution Act 2013

Expenditure of Housing Agency

23. (1) The Housing Agency shall submit budgets for its expenditure under this Act to the Board for approval.

(2) The budgets referred to in subsection (1) shall be submitted prior to the period to which they relate and no such period shall exceed one year.

(3) The Board may, in respect of each budget submitted to it under this section, either approve of such budget without modification or approve of the budget with such modifications as it thinks fit to make.

(4) Any departure from the budget as approved by the Board under this section may take place only with the prior approval of the Board.