Section 40, The Environment Protection Act, 2000

(1) The Director shall keep proper accounts and records in relation to the Fund. (2) The accounts shall be audited annually by the Auditor-General or an independent auditor appointed by the Auditor-General. (3) The Director shall not later than three months after the end of each financial year— (a) submit to the Minister a report on the activities supported by the Fund and the financial position of the Fund during that financial year; (b) submit to the Auditor-General an annual statement of the receipts and payments of the Fund together with a balance sheet showing the assets and liabilities of the Fund in respect of that financial year. 20 No. 2 Environment Protection Act 2000 (4) The Minister shall present a copy of the annual reports and audited annual accounts of the Fund together with any comments he may make thereon to the Cabinet. (5) The Minister may, in consultation with the Minister responsible for Finance, from time to time issue directives regulating the use of the Fund. PART V — REGULATIONS [Margin: Regulations.]