Cap. 470 Art. 19The Council budget.

(1) The Council shall, not later than the end of May of each year, present to the Minister, a business plan for the next three financial years together with estimates of the capital and recurrent expenditure and income for the next financial year: Provided that the estimates for the first financial year of the Council shall be prepared and adopted within such time as the Minister may specify by notice in writing to the Council.

(2) In preparing its estimates the Council shall consider any other funds and monies which may be due to it out of the Consolidated Fund during the relevant financial year, whether by virtue of this Act or of any appropriation Act, or any other law.

(3) The estimates shall be made in such manner and shall contain such information and such comparisons with previous years as the Minister responsible for finance may order.

(4) A copy of the estimates shall be sent forthwith by the Council, as soon as they are adopted, to the Minister and to the Minister responsible for finance.

(5) The Estimates of the Council shall not enter into force until they are approved by the Minister and the Minister responsible for finance.