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Paragraph 121 Financial control and accounts

United Kingdom

(1)

The Minister of Finance shall provide the F1Parliament with such reports, information and accounts as may be necessary to ensure that the Parliament is kept fully informed at all times of the state of the economy of the Islands and the finances of the Government.

(2)

Every public corporation or other body or organisation established by or under F2a law enacted by the Legislature shall report its financial transactions to the Minister of Finance, who shall include such reports in the information provided to the Parliament under subsection (1).

(3)

A law enacted by the Legislature shall make provision for the regular publication of accounts of the Consolidated Fund and any other public funds and for the laying of such accounts and any reports on them before the Parliament.

Annotations

Textual amendments

F1

Word in Sch. 2 substituted (coming into force in accordance with art. 1(3) of the amending S.I.) by The Turks and Caicos Islands Constitution (Amendment) Order 2024 (S.I. 2024/1128), art. 8(1) (with arts. 4, 8(2))

F2

Words in Sch. 2 substituted (coming into force in accordance with art. 1(3) of the amending S.I.) by The Turks and Caicos Islands Constitution (Amendment) Order 2024 (S.I. 2024/1128), art. 7(1) (with arts. 4, 7(9))

Notes on Schedule 2

Commencement

I1

Sch. 2 in force at 15.10.2012, see art. 1(2)