Universiti Teknologi Mara Act 1976 · Updated to 1 Nov 2021 · Part V · Finance
26. Annual estimates
Feedback & supportThe Vice-Chancellor shall, not later than April in each year, lay before the Board detailed estimates of revenue and expenditure of the Universiti, including capital expenditure, for the ensuing financial year; such estimates shall contain all such details as the Board may require and shall be in such form as the Board may determine, or as may be prescribed.
Vice-Chancellor
“Vice-Chancellor” means the Vice-Chancellor of the Universiti appointed under section 20 and includes any other person, by whatever name called, who has been appointed as the chief executive officer of the Universiti, and “Deputy Vice-Chancellor” shall be construed accordingly.
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.
Board
“Board” means the Board of Directors of the Universiti constituted under section 13;
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.
The Board may before sanctioning the estimates under subsection (3) refer any item back to the Vice-Chancellor for his reconsideration.
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.
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
Universiti
“Universiti” means the Universiti Teknologi MARA established under section 3 and includes a Branch;
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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.
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.
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—
to one item of annually recurrent expenditure to another item of annually recurrent expenditure; or
to one item of capital expenditure to another item of capital expenditure.
The annual and supplementary estimates shall show in separate parts, the annually recurrent expenditure and the capital expenditure of the Universiti.