ADVOKS GLOBAL · KENYA
Pharmacy and Poisons Act
35J. Financial provisions
Edition: 2023-12-11 · In force
35J. Financial provisions
(1)The funds to be used for the management of the Laboratory shall consist of all moneys received or recovered under this Part and moneys provided by Parliament.(2)The Laboratory may accept gifts, donations, subscriptions, fees and other moneys for the implementation of approved programmes.(3)The financial year of the Laboratory shall be the same as the Government financial year.(4)The estimates for the expenditure of the Laboratory shall be submitted through the Cabinet Secretary for approval by the Treasury and shall make provisions for—(a)the payment of salaries, allowances and all other charges in respect of the employees of the Laboratory;(b)the payment of pensions, gratuities and all other charges in respect of retirement benefits payable out of the funds of the Laboratory;(c)the procurement, proper maintenance, repair and replacement of equipment and other immovable property of the Laboratory;(d)the proper maintenance of the buildings and grounds of the Laboratory;(e)the creation of such reserve funds to meet future or contingent liabilities in respect of retiring benefits, insurance or replacement of building, or equipment or in respect of such other matters as the Board of Management may think fit;(f)the cost of Board of Management meetings; and(5)The Board of Management shall cause to be kept and the Director shall keep all proper books of accounts of the Laboratory.(6)The accounts of the Laboratory shall be audited by the Auditor-General.(7)The disposal of fixed assets by the Board of Management shall be subject to the approval of the Treasury.