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Section 19: Estimates

National Transport Corporation Act

consolidated text (as at 1985, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

19. Estimates (1) The Corporation shall, at least 3 months before the beginning of every financial year, submit to the Minister, in such manner as he may approve, an estimate of the income and expenditure of the Corporation for that financial year. N25 – 5 [Issue 1] (2) (a) The Minister shall, before the beginning of the financial year but subject to paragraph (b), signify in writing his approval to the estimates. (b) In signifying his approval under paragraph (a), the Minister may— (i) approve part only of the expenditure under any item; (ii) direct the Corporation to amend the estimates in respect of any item in such manner as he thinks fit. (3) The Corporation shall not incur any expenditure unless it has received the prior approval of the Minister under this section. [S. 19 amended by Act 2 of 1984.]

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