S.L. 363.1 Art. 25Capital expenditure.

(1) Capital expenditure shall be jointly controlled by the

Mayor and the Secretary.

(2) Expenditure of a capital nature from the Council’s funds shall require written justification by the Secretary and shall be approved by the Council following the procedures stipulated in regulation 24(4)(a), (b), and (c).

(3) The Secretary shall ensure that -

(a) capital expenditure corresponds to the projects approved in the current year’s annual budget estimates and business plan, unless otherwise authorised by the Council;

(b) the Council’s records are to be supported by the physical presence of capital items.