Singapore legislation
Regulation 39
Regulation 39
Financial committee
Subregulation 1
The Union’s financial committee shall consist of —
(a)
the honorary financial secretary who shall be its chairman;
(b)
the president of the Union who shall be an ex-officio member; and
(c)
3 other members from amongst whom a secretary shall be elected (who shall not be members of the executive committee) elected from the members of the council.
Subregulation 2
The financial committee shall —
(a)
prepare the Union’s budget to be presented to the new council and for the approval of the Council of the Polytechnic; and
(b)
submit to the council a report on the financial affairs of the Union at the end of each term.