Hong Kong Ordinances

EMPLOYEES RETRAINING ORDINANCE - SECT 9

Financial year and estimates

(1) Subject to section 33(3), the Board shall fix any period of 12 months to
be the financial year of the Board.

(2) The Board shall, in each financial year, adopt estimates of income and
expenditure in respect of the following financial year and, before a date to
be appointed by the Secretary, send them to the Secretary for his approval
together with a programme of its activities for that following financial year.

(3) The Secretary may require the resubmission of estimates of income and
expenditure or the programme of activities referred to in subsection (2),
modified as he may direct. (Enacted 1992)