Section 97
Annual financial statement
of Housing and Development Act 1959
ActIn forceProvision 97 of 113
Section 97
(1)
The Board must, at the end of every financial year transmit to the Minister a statement showing —
(a)
the amount of any loan outstanding at the end of that year; and
(b)
the amount standing to the credit of any sinking fund formed for the purpose of repayment of any loan and the manner in which that amount is for the time being invested.
(2)
The annual statement referred to in subsection (1) must be published in the Gazette.[67