SCHEDULES
SCHEDULE 1INVEST NORTHERN IRELAND
Finance
16
1
The Department may make payments to INI out of money appropriated for the purpose.
2
Payments under this paragraph shall be made on such terms and conditions as the Department may, with the approval of the Department of Finance and Personnel, determine.
3
INI shall not borrow money.
4
Subject to sub-paragraph (5), INI shall pay to the Department all sums received by it in the course of, or in connection with, the carrying out of its functions.
5
Sub-paragraph (4) shall not apply to such sums, or sums of such description, as the Department may, with the approval of the Department of Finance and Personnel, direct.
6
Any sums received by the Department under sub-paragraph (4) shall be paid into the Consolidated Fund.
17
1
INI shall—
a
keep proper accounts and proper records in relation to the accounts; and
b
prepare a statement of accounts in respect of each financial year.
2
The statement of accounts shall—
a
be in such form; and
b
contain such information,
as the Department may, with the approval of the Department of Finance and Personnel, direct.
3
INI shall, within such period after the end of each financial year as the Department may direct, send copies of the statement of accounts relating to that year to—
a
the Department; and
b
the Comptroller and Auditor General.
4
The Comptroller and Auditor General shall—
a
examine, certify and report on every statement of accounts sent to him by INI under this paragraph; and
b
send a copy of his report to the Department.
5
The Department shall lay a copy of the statement of accounts and of the Comptroller and Auditor General's report before the Assembly.