Section 27: Finance and General Purpose Committee.

1 The Finance and General Purpose Committee shall, subject to the direction of the Council, exercise control over the property and expenditure of the Academy and shall consist of -
a the Chairman of the Council who shall be the Chairman of the Committee at any meeting at which he is present;
b commandant;
c Provost;
d Bursar; and
e five other members of the Council appointed by the Council.

2 The functions of the Finance and General Purpose Committee shall be to -
a consider and make recommendation to the Council on the draft annual estimate of income and expenditure for each financial year;
b advise Council on deposits and investments of money belonging to the Academy;
c recommend to the Council means and procedures (Financial Regulations) for the control of expenditure and administration of Academy's finances;
d consider and decide on request for variation within the approved annual estimate from any unit of the Academy subject to the approval of the Council;
e advise Council on any matter relating to the development of the Academy sites as may be referred to it by the Council; and
f carry out any other function as may be delegated to it by the Council.

3 The quorum of the Committee shall be five including the Chairman and the Commandant.

4 Subject to any directions given by the Council, the Committee may regulate its procedures.