Act 4 National Information Technology Authority, Uganda Act PART VI—FINANCES OF THE AUTHORITY. 2009 24. Funds of the Authority. (1) The funds of the Authority shall consist of— (a) money appropriated by Parliament for the purposes of the Authority; (b) loans and grants received by the Authority for its activities; and (c) revenues collected from services rendered by the Authority. (2) The Authority shall open and maintain bank accounts in banks approved by the Board. 25. Estimates. (1) The Executive Director shall, within three months before the end of each financial year, cause to be prepared and submitted to the Board for its approval, estimates of the income and expenditure of the Authority for the following financial year. (2) The Board shall, within two months after receipt of the estimates referred to in subsection (1), cause to be submitted to the Minister for his or her approval, the estimates of income and expenditure for the following financial year as approved by the Board. (3) Expenditure shall not be made out of the funds of the Authority unless that expenditure is part of the expenditure approved by the Board under the estimates for the financial year in which the expenditure is incurred. 26. Annual management plan. The Executive Director shall, not later than three months before the end of each financial year, prepare and submit to the Board, for approval, an annual management plan for the next financial year. 18