44CDepartment or public body to report if likely to exceed budget

44C Department or public body to report if likely to exceed budget (1) A department or public body must give written notification to the Department Head of the Department of Treasury and Finance if the department or public body is likely to exceed its budget. (2) Notification under subsection (1) must be accompanied by a plan, in the form determined by the Department Head of the Department of Treasury and Finance, of how the department or public body intends to manage the risk that it exceeds its budget and other identified issues and risks. (3) The Department Head of the Department of Treasury and Finance may require the department or public body to give the Department Head of the Department of Treasury and Finance any further information regarding the risk that the department or public body is likely to exceed its budget or any matter contained in the plan. (4) This section does not apply to a declared body. S. 45 amended by No. 75/1994 s. 7(2), substituted by No. 43/1995 s. 4.