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Section 18: General Fund and Reserve Fund

Outer Islands Development Corporation Act

consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

18. General Fund and Reserve Fund (1) The Corporation shall establish a General Fund— (a) into which all monies received by the Corporation shall be paid; and (b) out of which all payments required to be made by the Corporation shall be effected. (2) The Corporation may, establish such other funds as may be required and shall establish a Reserve Fund for such purposes as may be prescribed.

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