Victorian Consolidated Legislation

Libraries Act 1988 - SECT 31

Accounts

31. Accounts



(1) The Board may establish and keep in any authorised deposit-taking
institution or institutions an account or accounts in the name of the Board
approved for the purpose by the Minister administering Part 7 of the
Financial Management Act 1994.

(2) The Board must pay into any account or accounts referred to in subsection
(1) all money received by it, other than money to which subsection (4)
applies, and may make out of an account any payment for or towards the costs
and expenses of or incidental to the performance of functions or exercise of
powers of the Board under this Act.



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(4) This section does not apply to money received or paid out by the Board
subject to and in accordance with the terms of a special trust.