Medicines and Allied Substances
[No.
of 2013 43
(a) be appropriated to the Authority by Parliament for the
purposes of the Authority;
(b) be paid to the Authority by way of fees, grants or donations;
and
(c) otherwise vest in or accrue to the Authority.
(2) The Authority may, subject to the approval of the Minister—
(a) accept moneys by way of grants or donations from any
source within or outside Zambia; and
(b) raise by way of loans or otherwise, such moneys as it
may require for the discharge of its functions.
(3) There shall be paid from the funds of the Authority—
(a) the salaries, allowances, loans, gratuities and pensions of
members of staff of the Authority;
(b) such reasonable travelling and other allowances for the
members of the Board and of any committee of the
Board when engaged on the business of the Authority,
at such rates as the Minister may determine; and
(c) any other expenses incurred by the Authority in the
performance of its functions under this Act.
(4) The Authority may, subject to the approval of the Minister,
invest in such manner as it considers appropriate such funds of the
Authority which it does not immediately require for the discharge
of its functions.
9. The financial year of the Authority shall be a period of
twelve months ending on 31st December in each year.
Financial
year
10. (1) The Authority shall cause to be kept proper books of
account and other records relating to its accounts.
Accounts and
audit
(2) The Authority shall, within ninety days of expiry of financial
year, submit to the Minister a report concerning its activities during
the financial year.
(3) The report referred to in subparagraph (2) shall include
statements of income and expenditure and a statement of affairs
or balance sheet.
(4) The accounts of the Authority shall be audited annually or
whenever necessary by the Auditor-General.
11. (1) As soon as practicable, but not later than six months
after the end of the financial year, the Authority shall submit to the
Minister a report concerning its activities during that financial year.
Annual
report