Clause 20
Regulations
of Developmental Investment Fund Bill
BillNot in forceProvision 20 of 21
Clause 20
The Minister may make regulations for the sound and efficient management and investment of the Fund, including —
(a)
prescribing the securities, funds and investments or classes of securities, funds and investments in which any moneys in the Fund may be invested for developmental purposes;
(b)
generally regulating the management of any loan raised under this Act and all matters arising in connection therewith; and
(c)
prescribing all other matters that are necessary or expedient for carrying out or giving effect to the provisions of this Act.