|
|
|
Accounts of Fund
|
| |
26. (1) The collection agent shall, subject to such conditions as the Minister considers appropriate having consulted with the Minister for Public Expenditure, National Development Plan Delivery and Reform, manage and control the current account and investment account for the purpose of maintaining an amount of moneys in the current account of the Fund that is sufficient to meet the sums payable from that current account.
|
|
| |
(2) Whenever the moneys in the current account of the Fund are insufficient to meet the sums payable from that account there shall be paid into that account from the investment account of the Fund the moneys necessary to meet those sums payable.
|
|
| |
(3) The collection agent shall keep all proper and usual accounts of all moneys paid into the Fund and disbursements from the Fund, including—
|
|
| |
(a) an income and expenditure account,
|
|
| |
(b) a cash-flow statement, and
|
|
| |
(c) a balance sheet.
|
|
| |
(4) As soon as may be after the end of each financial year of the collection agent, the collection agent shall submit—
|
|
| |
(a) the accounts of the Fund to the Comptroller and Auditor General for audit, and
|
|
| |
(b) a copy of an abstract of the accounts as so audited together with a copy of the report of the Comptroller and Auditor General thereon to the Minister.
|
|
| |
(5) The National Treasury Management Agency may, at the request of the collection agent and on the collection agent’s behalf, perform the functions conferred on the collection agent under this section.
|
|
| |
(6) The Minister shall cause copies of the documents referred to in subsection (4)(b) to be laid before each House of the Oireachtas as soon as may be after the documents are submitted to him or her by the collection agent.
|
