Pusuc PROCUREMENT AND DISPOSAL OF Pusuc AssETS No.S/2017 Cap.22:23 of the Minister, and on the expiry of his or her term of office he or she shall be eligible fer appointment for a further term: Provided that(i) the terms and conditions of his or her employment, and the renewal of his or her appointment, shall be in accordance with any enactment regulating corporate governance in public bodies; (ii) the employment of the Chief Executive Officer shall terminate if he or she would be required in tenns of paragraph 3( 1)(b) to vacate office were he or she a member of the Board. (5) The Chief Executive Officer shall serve as secretary of the Board and shall be responsible for keeping the Board's minutes referred to in paragraph 11. Other staff of Authority 13. (l) Subject to any other law, the Authority may employ such persons in addition to the Chief Executive Officer as the Board considers necessary for the proper exercise of the Authority's functions, and may promote, suspend or discharge any such employee. (2) Employees of the Authority referred to subparagraph ( 1) shall carry out their functions under the direction and control of the Chief Executive Officer, who shall be responsible to the Board for their proper conduct. Engaging of consultants 14. The Board may engage persons otherwise than as employees, on such terms and conditions as the Board thinks appropriate, to perform services of a specialised, technical or professional nature for the Authority. Employees and consultants to disclose certain connections and interests 15. Paragraph 10 shall apply, with any necessary changes, to persons employed or engaged by the Authority in terms of paragraphs 12, 13 and 14. PART IV FiNANCIAL PROVISIONS Funds of Authority 16. The funds of the Authority shall consist of(a) any moneys that may be appropriated for the purpose by Parliament; and (b) any loans, donations and grants which the Authority receives, with the approval of the Minister, from any person or authority or from the government of any country; and (c) any other moneys that may accrue to the Authority, whether in the course of its operations or otherwise. Financial year ofAuthority 17. The financial year of the Authority shall be the period of twelve months ending on the 31st December in each year or on such other date as may be prescribed. Accounts of Authority 18. (I) The Authority shall ensure that proper accounts and other records relating to such accounts are kept in respect of all its activities, funds and property, including such particular accounts and records as the Minister may direct. (2) As soon as possible after the end of each financial year, the Authority shall prepare and submit to the Minister a statement of accounts in respect of that financial year or in respect of such other period as the Minister may direct. 106