Sheriffs Act, 1986 (Act No. 90 of 1986)Chapter II : Board for Sheriffs20. Funds of Board |
| (1) | The funds of the Board shall consist of— |
| (a) | the levies paid to the Board in terms of section 19(1); |
| (b) | interest derived from investments; |
| (c) | moneys which may accrue to the Board from any other source. |
| (2) | The Board shall utilize its funds to defray the expenses incurred by the Board in the performance of its functions in accordance with this Act, but shall utilize any money or other property donated or bequeathed to the Board in accordance with the conditions of the donation or bequest concerned. |
| (3) | The Board shall open an account with a banking institution or building society, and shall deposit in that account the moneys received by it in terms of this Chapter. |
| (4) | The Board may invest any money received in terms of this Chapter and not required for immediate use by means of deposits with the Public Investment Commissioners, a banking institution or a building society or in such other manner as the Minister may with the concurrence of the Minister of Finance determine. |