Section 23H

(1) The Council shall maintain complete and accurate records and accounts of all monies received and disbursed from bond proceeds and transactions involving and related to the use of bond proceeds. (2) The Infrastructure Fund shall be audited by an independent auditor appointed by the Council annually until all principal and interest due in respect of a bond has been repaid to bondholders. (3) The Council shall submit to the Minister, within three months after the end of each fiscal or financial year in which– (a) monies from the Infrastructure Fund is used; and 31 (b) principal or interest is due and payable to bondholders in respect of the bond, a report of the audit conducted under sub-section (2) and a report on all the projects and activities undertaken wholly or partly with bond proceeds. (4) The Minister shall lay a copy of the reports referred to in sub-section (3) before both Houses of the National Assembly as soon as possible after he receives them. (5) The Council shall cause a copy of the reports referred to in sub-section (3) to be made available to members of the public on the Council’s website or otherwise, while simultaneously being laid before both Houses of the National Assembly.