(1) | The Co-operative Development Fund is hereby established and is the repository fund for the Agency. |
(2) | The administration of the Co-operative Development Fund vests with the Agency. |
(3) | The administration and financial management of the Co-operative Development Fund must comply with that of a national public entity listed in Schedule 3, Part A, to the Public Finance Management Act. |
(4) | The head of the Agency is the accounting authority for the Co-operative Development Fund, as contemplated in Chapter 6 of the Public Finance Management Act. |
(5) | The Agency is funded by— |
(a) | monies appropriated for that purpose by Parliament; |
(b) | interest on investments by the Agency; |
(c) | donations and contributions lawfully received by the Agency; and |
(d) | all other monies which may accrue to the Agency from any other legal source. |
[Section 91G inserted by section 66 of Notice No. 558, GG 36729, dated 5 August 2013]