Section 8: Submission of estimates of receipt and expenditures to the Federal Government

8. Submission of estimates of receipt and expenditures to the Federal Government.__ (1) The Board shall, in the month of November every year, submit, in such manner and form as the 1[Federal Government] may direct, to the 1[Federal Government], for making necessary provision in its Budget, a statement of the estimated receipts and expenditure pertaining to the discharge of its functions under this Ordinance in respect of the new financial year together with a statement showing separately the estimated receipts and ex penditure in foreign exchange for that year. (2) The Board shall not, without the previous sanction of the 1[Federal Government], incur any expenditure, or undertake any financial liability involving expenditure, in excess of the amount provided for in the Budget. 1Subs. by F.A.O., 1975 Art. 2 and Table for “Central Government”.

Effective date: 1961-01-01

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