Section 5A: Finances of Board

5A. Finances of Board (1) The Board shall establish a General Fund— (a) into which all monies received by the Board shall be paid; and (b) out of which all payments made by the Board shall be paid. (2) The Board may charge to its General Fund— (a) the expenses, fees and allowances of its members; (b) the salaries, fees or other remuneration of the officers, agents and technical or other advisers of the Board; (c) advances made to officers of the Board for the purchase of motor vehicles on such terms and conditions as the Board may determine; (d) all costs, charges and expenses of, and incidental to, the exercise of its powers under this Act; and (e) any other expenditure authorised by the Board and properly chargeable to the General Fund. (3) (a) All monies paid to the Board shall be paid by its Secretary into a bank approved by the Board. (b) All orders or cheques against an account with a bank shall be signed by the Chairperson and countersigned by such other officer as may be appointed by the Board for that purpose. [S. 5A amended by Act 8 of 1999.]