Section 8: Deposits

8. Deposits (1) Any deposit being money, other than money raised or received for the public purposes of Mauritius or money which accrues to a Special Fund, which may be deposited with the Accountant-General or with any other public officer authorised to receive the deposit by the Accountant-General by financial instructions or by General Orders, shall not form part of the Consolidated Fund and shall not, except as provided for in subsections (2), (3) and (4), be applied in any way for the public purposes of Mauritius. (2) Every deposit— (a) shall be held by the Accountant-General; and (b) (i) may, with the Minister’s approval, be invested in the manner specified in section 3 (4) (a); or (ii) may be used to finance advances in the manner specified in section 6. (3) Any interest or dividend received in respect of a deposit shall, as soon as possible thereafter and unless the Minister otherwise directs, be credited to the Consolidated Fund. (4) Subject to this section, the Accountant-General may administer a deposit in such manner as he may determine and may, in any appropriate case, refund a deposit or any part of it to any person entitled to it. (5) (a) A deposit which is unclaimed for 5 years shall, subject to any other enactment, cease to be a deposit and accrue to the Consolidated Fund. (b) The Minister may, by warrant under his hand, refund a deposit or any part to a person who subsequently satisfies him that he is entitled to it. [S. 8 amended by s. 13 (c) of Act 17 of 2007 w.e.f. 1 July 2007; s. 9 of Act 4 of 2008 w.e.f. 1 July 2008.] [Issue 9] F6 – 6 Revised Laws of Mauritius