Cap. 363 Art. 55Financial allocation to Councils.

(1) Each year the Minister responsible for finance shall allocate a provision under the Appropriation Act which shall serve for the exercise of the functions of Local Councils and Regional

Councils as appear under this Act.

(2) The amount appropriated shall be allocated by the Minister to each Local Council on the basis of the formula determined in terms of the Eighth Schedule to this Act.

(3) In allocating the appropriated amount to a Local Council, the Minister may retain any portion of such amount after having the:

(a) advice of the Governance Board; or

(b) advice of the Director; or

(c) a recommendation from the Board appointed to investigate any irregularity of the Local Council or Regional Council.

(4) The Minister responsible for finance may each year allocate a fund to compensate for the co-financing of European Union projects.