(3) The Treasury Single Account shall not be operated in any manner that prejudices any entity to which funds have been disbursed.

(4) An accounting officer for a national government entity shall not cause a bank account of the entity to be overdrawn beyond the limit authorised by the National Treasury or a board of a national government entity, if any.

(5) Subject to subsection (3), an accounting officer who authorises the bank account of a national government entity to be overdrawn is liable for the full cost of the overdrawn amount, in addition to any other disciplinary measures that— (a) the Cabinet Secretary may impose by regulations; or (b) any other relevant authority may impose under the provisions of any other legislation.

(6) The National Treasury shall keep complete and current records of all bank accounts for which it is responsible under the Constitution, this Act or any other legislation.

(7) The National Treasury shall give monthly statements on actual revenue collected in the accounts relating to Article 206 of the Constitution to the Commission on Revenue Allocation. 30 [Rev. 2020] Public Finance Management No. 18 of 2012

29. Management of cash at the national government level (1) The National Treasury shall establish a framework within which the national government shall manage its cash transactions.

(2) Every national government entity, other than a state corporation, shall submit an annual cash plan and forecast to— (a) the National Treasury in a form and manner and relating to such periods directed by that Treasury; and (b) the Controller of Budget.

(3) Subject to the Constitution, the Cabinet Secretary may, notwithstanding any previous authority given, limit or suspend national government expenditure, if in the Cabinet Secretary’s opinion, the exigencies of the financial situation render such a limitation or suspension necessary.

(4) The approval of the National Assembly for any limitation or suspension under subsection (3) shall be sought within two months of the decision being made.

(5) The National Treasury may invest, subject to any regulations that may be prescribed, any money kept in a bank account of the national government.