14. The board of directors shall, at least three months before the beginning of each fiscal year, prepare an investment budget and an operating budget and submit them to the Minister of Agriculture, Fisheries and Food for approval. The budget shall be without effect until approved by the Minister of Agriculture, Fisheries and Food.
The Government may dismiss any director who has acquiesced in an expenditure not provided for in the budget approved by the Minister of Agriculture, Fisheries and Food.
1975, c. 42, s. 14; 1979, c. 77, s. 21.