Clause 16
Bank accounts and application of moneys
of Defence Science and Technology Agency Bill
BillNot in forceProvision 5 of 37
Clause 16
(1)
The Agency may open and maintain an account or accounts with such bank or banks as the Agency thinks fit.
(2)
The moneys of the Agency shall 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.