Section 248: Duties and functions of the management committee.
The management committee shall be responsible for the general administration of the host communities development trust on an ad hoc basis and be responsible for the —
a preparation of the budget of the host communities development trust and submit it to the Board of Trustees for approval;
b development and management of the contracting process for project award on behalf of the host communities development trust subject to approval of the Board of Trustees;
c determination of project award winners and contractors to execute projects on behalf of the host communities development trust through a transparent process subject to approval of the Board of Trustees;
d supervision of projects execution;
e nomination of fund managers for appointment by the Board of Trustees for approval, to manage the reserve fund;
f reporting on the activities of the management committee, contractors and other service providers to the Board of Trustees; and
g undertaking of any other function and duty that may be assigned to it by the Board of Trustees to enhance the performance of the host communities development trust.
Cite this section
Section 248, PETROLEUM INDUSTRY ACT, 2021 (2021).
https://repo.podus.ai/laws/petroleum-industry-act-2021/section/248/