ROYAL BOTANIC GARDENS ACT 1991 - SECT 29 General fund

ROYAL BOTANIC GARDENS ACT 1991 - SECT 29

    (1)     The Board must keep a fund called the General Fund.

    (2)     The Board must ensure that there is paid into the General Fund—

        (a)     all fees and penalties received or recovered under this Act; and

        (b)     all other money received by it or on its behalf.

    (3)     The Board may pay money out of the General Fund—

        (a)     to meet any expenses incurred in carrying out its functions or powers;

        (b)     in paying or repaying money borrowed by it under this Act, together with any charges or interest on that money;

        (c)     in paying remuneration allowances or expenses to which its members, staff or any members of its committees are entitled;

        (d)     for any other purpose authorised by this Act.

    (4)     The Board must ensure that all money in the General Fund that is not immediately required for its purposes must be kept in an account or accounts at a financial institution or institutions approved by the Treasurer for the purpose.