Malaysia legislation
Section 26
Section 26
(2)
A copy of such estimates shall be sent to each member of the Board not less than fourteen days prior to the meeting before which the estimates are to be laid.
(3)
The Board shall consider the estimates so submitted and shall sanction the same either unaltered or subject to such alteration as it thinks fit, and such alteration may include the addition, modification or the rejection of any item appearing in the estimates.
(4)
The Board may before sanctioning the estimates under subsection (3) refer any item back to the Vice-Chancellor for his reconsideration.
(5)
Such estimates as sanctioned by the Board shall be submitted to the Minister who may disallow or alter such estimates or any portion thereof, or modify any item thereof, or add any item thereto.
(6)
Where additional financial provision is required in any year, the Board may, from time to time, during the year cause a supplementary estimate to be prepared by the Vice-Chancellor and submitted to it.
Universiti Teknologi MARA
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(7)
Every such supplementary estimate shall be considered and sanctioned by the Board, and submitted to the Minister who shall deal with it as if it were an original annual estimate.
(8)
A supplementary estimate prepared under this section shall show the sources from which the additional expenditure shown in the supplementary estimate is to be met.
(9)
The Universiti shall not incur expenditure otherwise than in accordance with the estimates or supplementary estimates approved by the Minister:
Provided that the Board may transfer all or any part of the moneys assigned—
(a)
to one item of annually recurrent expenditure to another item of annually recurrent expenditure; or
(b)
to one item of capital expenditure to another item of capital expenditure.
(10)
The annual and supplementary estimates shall show in separate parts, the annually recurrent expenditure and the capital expenditure of the Universiti.
Accounts and audit