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Section 21: General Fund

Investment Promotion Act · PART V: ADMINISTRATION

consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

21. General Fund (1) The Board of Investment shall establish a General Fund— (a) into which shall be paid— (i) all donations, contributions and grants received by the Board; (ii) such charge or fee as may be prescribed; and (iii) any other sum which may lawfully accrue to the Fund; (b) out of which all payments required to be made by the Board shall be effected. (2) The Board of Investment may, in the discharge of its functions, charge to the General Fund all remunerations, allowances, salaries, bonus, fees, gratuities, pensions, superannuation fund contributions and working expenses or other charges properly arising.

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