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Preparation of annual schemes by committees.
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44.—(1) Every vocational education committee shall, on or before the 1st day of December in every local financial year, prepare and submit to the Minister an estimate (in this Act referred to as an annual scheme) in the prescribed form and containing the prescribed particulars of—
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(a) the moneys required to meet the expenses of such committee in the exercise of its powers and performance of its duties during or in respect of the then next ensuing local financial year;
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(b) the receipts of such committee during or in respect of the then next ensuing local financial year, having regard (amongst other matters) to the minimum annual liability and the maximum annual liability of the rating authority in respect of such year; and
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(c) the amount (in no case less than the minimum annual liability nor more than the maximum annual liability of the rating authority in respect of the then next ensuing local financial year) of the annual local contribution in respect of such next ensuing local financial year which will be required for the purposes of such scheme.
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(2) The Minister may, in respect of every annual scheme submitted to him under this section, either approve of such scheme without modification or approve of such scheme with such modifications as he shall think fit to make therein or refuse to approve of such scheme.
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(3) Whenever the Minister refuses to approve of an annual scheme, the committee by which such scheme was prepared shall forthwith prepare and submit to the Minister a new annual scheme, and this section shall apply to such new scheme in like manner as it applies to the original scheme.
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(4) When an annual scheme has been approved by the Minister, whether with or without modification, it shall be the duty of the committee by which such scheme was prepared to carry into effect such scheme as so approved.
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