|
|
Restriction on capital expenditure by Board.
|
3.—The Board shall not incur any expenditure that is properly chargeable to capital unless it is satisfied that the expenditure is essential for the efficient operation of its undertaking or to enable it to carry out the general duty imposed on it by subsection (1) of section 7 of the Act of 1958 or that the project in relation to which it is proposed to incur the expenditure will be remunerative to the Board.
|
