Singapore legislation

Clause 19

of National Productivity Fund Bill

Clause 19

Annual estimates

(1)

The Board shall, in every financial year, prepare or cause to be prepared and shall adopt annual estimates of income and expenditure of the Board for the ensuing financial year.

(2)

Supplementary estimates may be adopted by the Board at any of its meetings.

(3)

A copy of all annual estimates and supplementary estimates shall, upon their adoption by the Board, be sent immediately to the Minister.

(4)

The Minister may approve or disallow any item or portion of any item shown in the estimates, and shall return the estimates as amended by him to the Board, and the Board shall be bound thereby.

Clause 19 — National Productivity Fund Bill | laws.sg