Cap. 456 Art. 14Funding of the Commission. Accounts.

(1) The Commission shall be funded out of funds allocated to it by the Minister out of funds voted by Parliament for activities under the Ministry or out of funds that may be donated or allocated to it from other sources in Malta or abroad.

(2) At least two months prior to the end of its financial year the Commission shall submit to the Minister, a business plan (including a financial plan) covering the proposed activities of the Commission during the following financial year. When approved by the Minister and by the Minister responsible for finance, such business plan, shall be the approved budget of the Commission.

(3) The Commission shall keep proper accounts of its income and expenditure and shall prepare and send to the Minister statements of accounts in relation to each of its financial years. require the books and records of the Commission to be audited or examined by the Auditor General who for the purpose shall have power to carry out such physical checking or other verifications, and may demand and acquire such information, as may be necessary.

(5) The financial year of the Commission shall commence on the 1st January and shall end on the 31st December of each year: Provided that the first financial year of the Commission shall begin on the coming into force of this Act and end on the 31st December of the next following year.