KAILASA Library/KAILASA's Jurisprudence - Volume 1/Chapter III: THE FINANCE COUNCIL AND THE FINANCE OFFICERSign in
KAILASA's Jurisprudence - Volume 1

Chapter III: THE FINANCE COUNCIL AND THE FINANCE OFFICER

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  1. In every ministry a Finance council is to be established, over which the minister himself or his delegate presides and which consists of at least three members of the administrative team truly expert in Financial affairs and civil law, outstanding in integrity.
  1. Members of the Finance council are to be appointed for Five years, but at the end of this period they can be appointed for other Five year terms.
  1. The Finance council prepares each year, according to the directions of the minister, a budget of the income and expenditures which are foreseen for the entire governance of the ministry in the coming year and at the end of the year examines an account of the revenues and expenses.
  1. In every ministry, after having heard the college of consultors and the Finance council, the minister is to appoint a Finance officer who is truly expert in Financial affairs and absolutely distinguished for integrity. a. The Finance officer is to be appointed for a Five year term but can be appointed for other Five year terms at the end of this period. The finance officer is not to be removed while in this function except for a grave cause to be assessed by the minister after he has heard the college of consultors and the Finance council. b. It is for the Finance officer to administer the goods of the ministry under the authority of the minister in accord with the budget determined by the Finance council and, from the income of the ministry, to meet expenses which the minister or others designated by him have legitimately authorized. c. At the end of the year, the Finance officer must render an account of receipts and expenditures to the Finance council.