Section 26

Before 1 September each year, the Authority shall submit to the

Minister an estimate of its expenditure, including the expenditure for research and development programmes, for the following year in such form and containing such particulars as the Minister may direct.

The Minister shall, before 1 January the following year, notify the Authority of the amount authorized for expenditure generally or of the amount authorized for each description of expenditure based on the estimate prepared under subsection (2).

The Authority may at any time submit to the Minister a supplementary estimate of its expenditure for any one year and the

Minister may allow the whole or any part of the additional expenditure included therein.

Bank accounts