Submission of budget estimates, annual report and accounts

(1) The Board shall, in such form and by such dates as may be prescribed by the Financial Secretary, prepare and submit to the Minister responsible for Finance estimates of income receivable and the expenditure to be incurred during each financial year (including any supplementary estimates), and the said Minister shall present the estimates to the National Assembly with such amendments, if any, as he may consider necessary. (2) The Board shall– (a) after the end of each calendar year prepare a report of its activities during the last preceding year and shall furnish that report to the Minister not later than 30th June; Provided that the Board may by resolution in writing addressed to the Minister, for good and, sufficient cause, request an extension for a further period of up to thirty days to submit such report to the Minister, (b) submit to the Minister every account certified by the auditor together with the report of the auditor thereon, within one month of such certification; and (c) submit annually to the Minister an account of the securities in which moneys of the Fund are for the time being invested. (3) The Minister shall cause a copy of every account or report submitted to him under this section to be laid before the National Assembly. 46