Disclosure of interest by members
13.
A member or the Chief Executive Officer attending a meeting of the
Board, who has a direct or indirect interest in any matter which falls to be
decided by the Board —
(a) shall disclose the nature of such interest at a meeting of the
Board; and
(b) shall not take part in any deliberation or decision in respect of
that matter.
Delegation of powers
14.
(1) The Board may, subject to such conditions and restrictions as it may
impose, delegate to the Chief Executive Officer such of its powers as are
necessary to enable the Chief Executive Officer to transact effectively the day-today affairs of the Authority.
(2) The Chief Executive Officer may, subject to the approval of the
Board, delegate to an officer of the Board, any of the Chief Executive Officer's
functions.
Funds of the Authority
15.
(1) The funds of the Authority shall consist of money appropriated by an
Appropriation Act and paid to the Authority.
(2) The Authority shall apply its funds for the purpose of meeting
expenditures incurred by the Authority in the performance of its functions, the
payment of emoluments to the members, officers and staff and meeting such
other expenses as may be authorised by the Board.
Accounts and audit
16.
(1) The Authority shall keep proper accounts of the Authority and
records in relation to the accounts and shall prepare, in respect of each financial
year of the Authority, a statement of accounts in such form as the AuditorGeneral may direct.
(2) The accounts and statement of accounts of the Authority shall be
audited by the Auditor-General.
(3) As soon as the accounts and statement of accounts of the Authority in
respect of any financial year have been audited, the Authority shall furnish to the
Minister a copy of the statement together with a copy of any report made by the
Auditor-General on that statement or on the accounts of the Authority.
(4) The Authority shall prepare in respect of each financial year of the
Authority a report of its activities and submit a copy of the report to the Minister
and the Minister shall cause the report to be presented to the National Assembly.
(5) The financial year of the Authority shall be the year ending on 31st