42 No. 12
Tanzania Communications Regulatory Authority
54.- (1) Before the end of each financial year, the Authority shall
prepare a budget for the following financial year showing estimates of
its receipts and expenditure for the following financial year.
2003
Budget
(2) Subject to the provision of subsection (1), the Authority shall
inform the Minister of its budget for the following financial year by
submitting a copy to the Minister.
(3) Where the Minister so requests, the Authority shall commission
the Authority's auditor to assess and report on the extent to which the
budget represents a fair and reasonable projection of the income and
expenditure of the Authority for the relevant year.
(4) The Authority shall deliver to the Minister a copy of any report
prepared pursuant to subsection (3) as soon as possible after the Authority
receives it.
(5) If the Authority's auditor reports that the budget does not represent a
fair and reasonable projection of income and expenditure, the Minister
shall require the Authority to revise the budget to correct the deficiencies.
PART XI
TRANSITIONAL AND MISCELLANEOUS PROVISIONS
55.- (1) Notwithstanding the enactment and operation of this
Act in relation to the relevant sectors, any licences and permits granted
prior to the commencement of this Act in relation to the production,
distribution or supply of regulated goods or services in the said sectors
shall remain in operation until they are revoked, annulled or otherwise
replaced.
Transitional
provisions and
savings
(2) This Act shall not operate so as to affect in a prejudicial way the
rights of any person under a licence or permit granted prior to the
commencement of this Act or any contract entered into prior to the
commencement of this Act.
56. (1) As from the effective date, such movable and immovable
property vested in the Tanzania Broadcasting Commission and the
Tanzania Communication Commissions and all assets, interests, rights,
privileges, liabilities or obligations of the Tanzania Broadcasting
Commission and the Tanzania Communications Commission shall be
transferred to and shall be vested in the Authority without further assurance.
Transfer
of assets
and
liabilities