Section 51, The Public Financial Management Act, 2016

(1) Every person who collects, receives, or has a custodyof, any public money shall promptly deposit it into a bank account in such manner and within such period as prescribed by the Accountant- General, and a person who is not authorised by a head of a budgetary agency to do so may not collect, receive, or have a custody of, any public money. (6) The Minister may require any budgetary agencies, sub-vented agencies, and other entities in the central government to submit to him any information related to their bank accounts. 48. (1) The Minister shall appoint a Cash Management Committee on such terms as he considers appropriate. (2) A Cash Management Committee appointed by the Minister under subsection (1), shall be responsible to – (a) coordinate and make recommendations to the Minister on– (i) management of bank accounts by budgetary agencies, sub-vented agencies, and other entities in the central government; (ii) development and management of the Treasury Single Account; and (iii) cash flow forecasts and cash management by entities, bank accounts of which are included in the Treasury Single Account; and (b) perform any other functions assigned to it by the Minister. (3) The Minister shall prescribe the composition, appointment, responsibilities, powers, and procedures of the Cash Management Committee. 49. (1) The Minister may require any budgetary agencies, sub-vented agencies, and other entities in the central government to prepare and submit to him forecasts and reports related to cash flow of the agencies and entities in such form and by such date as determined by the Minister. Cash Management Committee. Cash flow forecasts and reports. Investment of public money. Receipt and deposit of public money No. 13 Public Financial Management Act 2016 No. 13 Public Financial Management Act 201650 51 (2) When a budgetary agency, sub-vented agency, or other entity in the central government receives money from a person without a just cause, the money shall be returned or repaid or otherwise dealt with in such manner as may be prescribed by the Accountant-General. (3) Every person who collects, receives, or has custody of, any public moneys shall keep a record of receipts and deposits thereof in such form and manner as the Accountant-General may determine.