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Finance Subcommittee.
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32.—(1) A vocational education committee shall establish a subcommittee to be known as the Finance Subcommittee to report to that vocational education committee on the income and expenditure of the vocational education committee and may determine the terms of reference and regulate the procedure of that subcommittee.
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(2) A subcommittee established under this section shall report to the vocational education committee by which it was established not less than 4 times in each year.
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(3) A subcommittee established under this section shall consist of the chief executive officer and such and so many members of the vocational education committee concerned as that committee may determine.
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(4) A member of a subcommittee established under this section (other than the chief executive officer) may be removed from office at any time by the vocational education committee concerned.
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(5) A vocational education committee may appoint a person to be chairperson of a subcommittee established by it under this section.
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(6) The following functions under this section shall be reserved functions:
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(a) the establishment of a subcommittee under this section;
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(b) the determination of the terms of reference and the regulation of the procedures of a subcommittee established under this section;
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(c) the removal from office of a member, or the appointment of a chairperson, of a subcommittee established under this section.
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