Section 4C: Application of surplus amount
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
4C. Application of surplus amount
Where the financial statements of a statutory body show an operating
surplus or accumulated revenue reserve arising from special circumstances,
the Board may, with the approval of the Minister, transfer into its reserve
account such amount as it may deem appropriate and remit the remaining
amount into the Consolidated Fund.
[S. 4C inserted by s. 51 (a) of Act 18 of 2016 w.e.f. 7 September 2016.]
S39 – 3 [Issue 10]
Statutory Bodies (Accounts and Audit) Act