Act 1 Uganda Communications Act 2013 (4) The levy shall be shared between information and communication technology development and rural communication in the ratio of one to one. 69. Power to open and operate bank accounts (1) The Commission shall open and maintain bank accounts as are necessary for the performance of the functions of the Commission. (2) The bank accounts shall be operated in a manner determined by the Board. 70. Estimates of income and expenditure (1) The Board shall, not less than two months before the beginning of each financial year, prepare and submit to the Minister for approval, a budget containing the estimates of income and expenditure of the Commission for the next financial year. (2) The Commission shall not incur any expenditure exceeding the budget without the approval of the Minister. 71. Application of Commission funds Subject to section 70 (2), the funds of the Commission may be applied to the payment— (a) or discharge of expenses, obligations, including international obligations, or liabilities incurred in connection with the performance of the functions or exercise of the powers of the Commission; (b) of any remuneration or allowances payable under this Act. 72. Investment of surplus funds (1) The Board shall declare to the Minister any surplus funds that the Commission may have at the end of the financial year. (2) Any funds of the Commission not immediately required for 47