Section 3
Minister may require payment into Consolidated Fund
of Statutory Corporations (Contributions to Consolidated Fund) Act
ActIn forceProvision 3 of 4
Section 3
Notwithstanding the provisions of any written law specified in the
Schedule, the Minister may, by notice in writing, require any specified statutory corporation to pay into the Consolidated Fund within the period specified in the notice —
(a)
the whole or part of the excess of the revenue over the expenditure of that statutory corporation in any financial year; and
Statutory Corporations
(Contributions to Consolidated Fund)
(b)
the whole or part of the amount in the funds of that statutory corporation which, in the opinion of the Minister, is not required for performing its functions and duties.