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Evaluation Committee for its approval a rolling budget of the
Telecommunications Commission including estimates of its revenue and
expenditure for the following three financial years, including without
limitation reasonable and sufficient provision for legal and other costs in
case of appeal and judicial review proceedings under this Act.
(2)
A budget of the Telecommunications Commission
approved by the Evaluation Committee with respect to any
period shall remain valid for such period unless otherwise
changed by the Evaluation Committee.
(3) | The Telecommunications Commission shall publish
its budget as approved by the Evaluation Committee on its
website and make copies available on the written request by
any person.
Upon application from one or more service providers
(4)
made after the fifth anniversary of the commencement date
and at five year intervals thereafter, the Telecommunications
Commission shall commission at the expense of such
applicant or applicants an independent review by an
international expert of the Telecommunications
Commission’s budget and expenditures, comparing such
budget and expenditures with relevant international best
practice among regulatory authorities and making
recommendations in light of such comparison.
(5)
The independent expert referred to in subsection (4)
shall be appointed by the Minister, on the advice of the
Telecommunications Commission and the World Bank,
International Telecommunication Union or another
independent body with international experience in
telecommunications regulation.
(6)
The Telecommunications Commission shall publish
the results of the review produced under subsection (4) and
take into account the recommendations.
(7)
In this section, “rolling budget” means a method in
which a budget established at the beginning of a financial
year is continually amended to reflect variances that arise due
to changing circumstances or a budget that is always
available for a specified future period by adding a period,
such as a month, quarter or year, to the period that just ended.
The funds of the Telecommunications Commission
16. 8 (1)
shall comprise the following—