57Estimates

57 Estimates (1) The NEPC Executive Officer is to prepare estimates, in such form as the Council directs, of the Service Corporation's receipts and expenditure for each financial year and, if the Council so directs, for any other period specified by the Council. (2) The Executive Officer must submit estimates so prepared to the Council not later than such date as the Council directs. (3) Except with the consent of the Council, the money of the Corporation must not be spent otherwise than in accordance with estimates of expenditure approved by the Council. (4) A direction, consent or approval for the purposes of this section is to be given by resolution of the Council carried in accordance with section 28.