institution or institutions as the Minister determines. 15 Accounts of departments (1) A department may, with the approval in writing of S. 15(1) amended by the Minister, and in accordance with such terms No. 11/2001 s. 3(Sch. and conditions as the Minister determines, open item 26.3). and maintain an account with an authorised deposit-taking institution or institutions. (2) Unless the Minister otherwise determines in S. 15(2) amended by writing, an account opened under this section does No. 11/2001 s. 3(Sch. not form part of the Public Account. item 26.4). S. 15(3) (3) Money must not be withdrawn from an account amended by opened under this section except in accordance No. 11/2001 s. 3(Sch. with the regulations and directions. item 26.4). S. 16 16 Receipt of public money amended by No. 11/2001 A person who collects or receives public money s. 3(Sch. must, in accordance with the regulations and item 26.4). directions, daily or at such intervals as the Minister determines, pay the money into the Public Account or an account opened under section 15. 17 How money is to be issued (1) Public money forming part of the Consolidated Fund may be drawn from the Public Account only in accordance with this section. (2) The Minister, as often as occasion may require during a financial year, must— (a) calculate the amount of public money likely to become due and payable out of the Public Account during that financial year; and
institution or institutions as the Minister determines. 15 Accounts of departments S. 15(1) amended by No. 11/2001 s. 3(Sch. item 26.3). (1) A department may, with the approval in writing of the Minister, and in accordance with such terms and conditions as the Minister determines, open and maintain an account with an authorised deposit-taking institution or institutions. S. 15(2) amended by No. 11/2001 s. 3(Sch. item 26.4). (2) Unless the Minister otherwise determines in writing, an account opened under this section does not form part of the Public Account. S. 15(3) amended by No. 11/2001 s. 3(Sch. item 26.4). (3) Money must not be withdrawn from an account opened under this section except in accordance with the regulations and directions. S. 16 amended by No. 11/2001 s. 3(Sch. item 26.4). 16 Receipt of public money A person who collects or receives public money must, in accordance with the regulations and directions, daily or at such intervals as the Minister determines, pay the money into the Public Account or an account opened under section 15. 17 How money is to be issued (1) Public money forming part of the Consolidated Fund may be drawn from the Public Account only in accordance with this section. (2) The Minister, as often as occasion may require during a financial year, must— (a) calculate the amount of public money likely to become due and payable out of the Public Account during that financial year; and
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