Act 4
National Information Technology
Authority, Uganda Act
PART VI—FINANCES OF THE AUTHORITY.
2009
24. Funds of the Authority.
(1) The funds of the Authority shall consist of—
(a) money appropriated by Parliament for the purposes of the
Authority;
(b) loans and grants received by the Authority for its activities;
and
(c) revenues collected from services rendered by the Authority.
(2) The Authority shall open and maintain bank accounts in
banks approved by the Board.
25. Estimates.
(1) The Executive Director shall, within three months before the
end of each financial year, cause to be prepared and submitted to the
Board for its approval, estimates of the income and expenditure of the
Authority for the following financial year.
(2) The Board shall, within two months after receipt of the
estimates referred to in subsection (1), cause to be submitted to the
Minister for his or her approval, the estimates of income and
expenditure for the following financial year as approved by the Board.
(3) Expenditure shall not be made out of the funds of the
Authority unless that expenditure is part of the expenditure approved
by the Board under the estimates for the financial year in which the
expenditure is incurred.
26. Annual management plan.
The Executive Director shall, not later than three months before
the end of each financial year, prepare and submit to the Board, for
approval, an annual management plan for the next financial year.
18