19.—(1) The Board must, in every financial year, prepare or cause to be prepared and must adopt annual estimates of income and expenditure of the Board for the ensuing financial year.
(2) Supplementary estimates may be adopted by the Board at any of its meetings.
(3) A copy of all annual estimates and supplementary estimates must, upon their adoption by the Board, be sent immediately to the Minister.
(4) The Minister may approve or disallow any item or portion of any item shown in the estimates, and must return the estimates as amended by him or her to the Board, and the Board is bound thereby.
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