Act 1
Uganda Communications Act
2013
(4) The levy shall be shared between information and
communication technology development and rural communication in
the ratio of one to one.
69. Power to open and operate bank accounts
(1) The Commission shall open and maintain bank accounts as
are necessary for the performance of the functions of the
Commission.
(2) The bank accounts shall be operated in a manner determined
by the Board.
70. Estimates of income and expenditure
(1) The Board shall, not less than two months before the
beginning of each financial year, prepare and submit to the Minister
for approval, a budget containing the estimates of income and
expenditure of the Commission for the next financial year.
(2) The Commission shall not incur any expenditure exceeding
the budget without the approval of the Minister.
71. Application of Commission funds
Subject to section 70 (2), the funds of the Commission may be
applied to the payment—
(a) or discharge of expenses, obligations, including
international obligations, or liabilities incurred in
connection with the performance of the functions or
exercise of the powers of the Commission;
(b) of any remuneration or allowances payable under this Act.
72. Investment of surplus funds
(1) The Board shall declare to the Minister any surplus funds
that the Commission may have at the end of the financial year.
(2) Any funds of the Commission not immediately required for
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