Section 16
Bank accounts and application of moneys
of Defence Science and Technology Agency Act 2000
ActIn forceProvision 16 of 36
Section 16
(1)
The Agency may open and maintain one or more accounts with any bank or banks that the Agency thinks fit.
(2)
The moneys of the Agency must be applied only in payment or discharge of the expenses, obligations and liabilities of the Agency and in making any payment that the Agency is authorised or required to make.