Singapore legislation
Clause 25
Clause 25
Annual estimates
(1)
The Authority shall every year cause to be prepared and shall adopt annual estimates of income and expenditure of the Authority for the ensuing year.
(2)
Supplementary estimates may be adopted by the Authority at any of its meetings.
(3)
A copy of all annual and supplementary estimates shall, upon their adoption by the Authority, be sent forthwith to the Minister for approval.
(4)
The Authority may transfer all moneys or part thereof assigned to one item of expenditure to another under the same head of expenditure in supplementary estimates approved by the Minister.
(5)
A summary of the annual estimates and supplementary estimates adopted by the Authority and approved by the Minister shall be published in the Gazette.