SUPREME COURT ACT 1986 - SECT 128 Money held under Act may be invested

SUPREME COURT ACT 1986 - SECT 128

    (1)     Except as otherwise expressly provided, if any money is held by the Court—

        (a)     as security for costs; or

        (b)     as security for the release on bail of any person; or

        (c)     under the Sheriff's Suitors and Revenue Account—

the whole or any part of the money, whether already in a state of investment or not, may be invested in one or more of the following ways—

S. 128(1)(d) repealed by No. 11/2001 s. 3(Sch. item 71.2).

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S. 128(1)(e) repealed by No. 18/1994 s. 66(Sch. 2 item 24.3).

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        (f)     in any manner in which trust money may be invested by a trustee under the Trustee Act 1958 ;

        (g)     on deposit in a fund prescribed by regulations made under this Act.

    (2)     Notwithstanding anything to the contrary in any other Act or any rule of law, all income derived from the investment of money under subsection (1) must be paid into the Consolidated Fund.

S. 128A inserted by No. 78/2000 s. 15.