ADVOKS GLOBAL · KENYA
Narcotic Drugs and Psychotropic Substances (Control) Act
55. Management of the Fund
Edition: 2022-12-31 · In force
55. Management of the Fund
The Board shall—(a)impose conditions as to the use to be made of any expenditure authorized by the Board and such conditions may impose any reasonable prohibitions, restrictions or requirements concerning such use or expenditure;(b)cause to be kept proper books of account and other books and records in relation to the Fund as well as to all the various activities and undertakings of the Fund;(c)transmit to the Auditor-General in respect of each financial year and within four months after the end of such financial year, a statement of account relating to the Fund specifying income to the Fund in such details as the National Treasury may from time to time direct in accordance with the Public Audit Act (Cap. 412B) including any investment or deposit made under section 54(2) and shall furnish such additional information as may be deemed sufficient and necessary for the purpose of examination and audit by the Auditor-General under the Public Audit Act (Cap. 412B) and every statement of account shall include details of the balance between the assets and liabilities of the Fund, and indicate the financial status of the Fund, as at the end of the financial year concerned.