Committee to submit estimates of revenue and expenditure

(1) The Committee shall, on or before 1st May in each year, prepare and submit to the Minister estimates of the income receivable and expenditure to be incurred by the Association during the financial year commencing on 1st July next following. The Committee shall also obtain and submit together with the said estimates the comments of the Board thereon. REVISD EDITION 2020 Printed by Authority of the Government of Belize 26 (2) The Committee shall submit the estimates in the form required by the Minister, who may approve the estimates as submitted or amend them and approve them as amended. (3) When the Minister has approved the estimates, whether with or without amendments, he shall cause the approved estimates to be published in the Gazette. (4) Except with the approval of the Minister, no further sum shall be expended during any financial year other than is provided in the estimates relating to such financial year.