Examples of Financial Powers in a sentence
The Purchaser, in accordance with their Delegation of Financial Powers, as required, may amend the Contract to reflect the changes introduced to the Original terms and Conditions of the Contract.
His financial powers are as provided in Re-delegation of Financial Powers to Secretaries, Heads of Departments and Heads of Offices issued vide G.O. Ms. No. 59/2003/F3, dt.
Audit was carried out against the standards of financial governance provided under various provisions of the Khyber Pakhtunkhwa LGO, 2001 (as amended), GFR Vol-I, II, Delegation of Financial Powers and other relevant overriding laws, which govern the propriety of utilization of the financial resources of the District Government in accordance with the regularity framework provided by the relevant laws.
Boards will be aware that clause 12 of the Crown Entities (Financial Powers) Regulations 2005 limits the annual debt servicing of a board’s borrowing to no more than 10% of the operations grants the school receives from the Ministry.
This manual expands on that and provides detailed information on the academy’s accounting procedures and system and should be read by all staff involved with financial systems in conjunction with the Scheme of Delegation of Financial Powers.
If money has been borrowed within a board’s borrowing limit and the board subsequently decides to retire the debt early (pay it off), when the repayment of the principal plus interest costs for the year exceed the school's 10% limit, the repayment of principal will not cause the school to breach regulation 12 of the Crown Entities (Financial Powers) Regulations 2005 or section 155 of the Education and Training Act 2020.
Rule 8 of the Delegation of Financial Powers Rules, 1978 prescribes standard primary units of appropriation with the descriptions/definitions for the purpose of classification of expenditure.
Financial powers shall be exercised in accordance with Delegation of Financial Powers annexed as ANNEXURE-1 to these Bye-Laws.
Govt orders for Delegation of Financial Powers to ECHS Functionaries in Nepal have also been issued.
Boards can only borrow within the limits set by section 155 of the Education and Training Act 2020 and the conditions specified in regulation 12 of the Crown Entities (Financial Powers) Regulations 2005.