National Heritage Board Act 1993 · 2020 Revised Edition · Part 6 · Funds and Property of Board
31. Funds and property of Board
Feedback & supportLast amended by an amending law of 2021.
The funds and property of the Board include —
all moneys and property transferred to the Board under section 37;
all gifts, donations and contributions to the Board;
all moneys received by the Board by way of grants;
all fees, commissions, rents, interests, dividends and other income accruing to the Board;
all moneys borrowed by the Board under this Act; and
all moneys recovered or collected by the Board or any officer or employee of the Board (excluding sums collected for the composition of offences) under this Act or any other written law that is administered and enforced by the Board.
The Board may open and maintain an account or accounts with any bank or banks as the Board thinks fit.
The Board may invest its funds in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965.
Subject to the terms of any trust or endowment, the funds and property of the Board must be applied solely for the purposes of or in connection with the performance of the functions, powers and duties of the Board under this Act.