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AUDITOR-GENERAL'S (FUNCTIONS, POWERS AND TERMS AUDITOR-GENERAL'S (FUNCTIONS, POWERS AND TERMS AND CONDITIONS OF SERVICE) ORDINANCE, 2001 ORDINANCE XXIII OF 2001 An Ordinance to determine the terms and conditions of service, the term of office and the powers and functions of the Auditor-General of Pakistan [Gazette of Pakistan, Extraordinary, Part I, 17th May, 2001] F.No.2(1)/2001-Pub., dated 17-5-2001.---The following Ordinance made by the President is hereby published for general information:-- 9. Audit of receipts and expenditure of holders of authorities substantially financed by loans and grants.--Where anybody or authority is substantially financed by loans or grants from Consolidated Fund of Federal Government or of any Province or of any district, the Auditor-General shall, subject to the provisions of any law for the time being in force applicable to the body or authority, as the case may be, audit the accounts of the body or authority. Explanation.--Where the loans or grants to a body or authority from the Consolidated Fund of Federal Government or of any Province or of any District in a financial year is not less-than five million rupees and the amount of such grant or loan is not less than fifty per cent. of the total expenditure of that body or authority, such body or authority shall be deemed, for the purposes of this section, to be substantially financed by such loans or grants as the case may be.