Explanatory Notes

Commonwealth Development Corporation Act 1999

1999 CHAPTER 20

27 July 1999

Commentary on Sections

Financial assistance by Government

Section 13: Accounts

43.Section 13 places a duty on the Secretary of State to produce accounts for each financial year on any loans made to CDC under section 9, and any sums received from it under that section. It also provides for those accounts to be examined each financial year (beginning 1 April) by the Comptroller and Auditor General, who is to lay copies of the accounts and his report before each House of Parliament.