Industrial Development Authority Act, 1950

Finances, accounts and audit.

8.—(1) It shall be the duty of the Authority to administer the annual grant.

(2) The Authority shall keep in such forms as may be approved of by the Minister, with the consent of the Minister for Finance, all proper and usual accounts of moneys received and expended by them, and in particular shall keep all such special accounts as the Minister may from time to time direct.

(3) The accounts shall be submitted annually by the Authority to the Comptroller and Auditor General for audit at such time as the Minister, with the consent 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.