7.—(1) The Sports Council shall keep, in such form as the Department may direct, accounts of all moneys received and all moneys paid out by it.
(2) In respect of each financial year—
(a)the Sports Council shall prepare and submit to the Comptroller and Auditor General for Northern Ireland a statement of accounts before such date in such form and containing such information as the Department, with the approval of the Department of Finance and Personnel, may direct and shall before that date send a copy thereof to the Department;
(b)the Comptroller and Auditor General for Northern Ireland shall examine and certify the statement of accounts submitted to him by the Sports Council; and
(c)the Department shall lay before the Northern Ireland Assembly a copy of the certified statement of accounts of the Sports Council together with a copy of any report thereon of the Comptroller and Auditor General for Northern Ireland.
Para. (3) rep. by 2003 NI 5