Cap. 363 Art. 59Five-year business and financial plan.

(1) At the end of the first year of its term, a Local Council shall prepare and discuss a Working Plan which covers a five-year plan on Local Council operation, projects and finances so as to provide a framework for the Local Council’s annual budgets.

(2) The Council shall revise or confirm the five year plan every year during its discussion on its annual budget.

(3) Copies of business and financial plans and revisions thereof, shall be forwarded by the Executive Secretary to the Minister and to the Minister responsible for finance within two weeks of their approval by the Council.