S.L. 363.1 Art. 8Approval of business plan.

(1) The Council shall prepare and discuss the draft of the new or revised business plan as stipulated in article 59(1) and (2) of the Act.

(2) The Secretary shall forward to the Minister a copy of the draft of the business plan not later than eight weeks after the end of the Council’s first year of its term and thereafter by the fifteenth day of February of each year.

(3) The Minister may make comments about the draft business plan and the Council may adjust the draft business plan accordingly.

(4) The business plan shall be approved by the Council before the end of the fourth month after the completion of the Council’s first year of its term and thereafter by the end of March of each year.

(5) The Secretary shall submit a copy of the approved business plan to the Minister and to the Minister responsible for finance within the time limit stipulated in article 59(3) of the Act.