Section 38
Investment
of East Coast Economic Region Development Council Act 2008
ActIn forceProvision 38 of 55
Section 38
(1)
The moneys of the Council, insofar as they are not required to be expended by the Council under this Act, shall be invested in such manner as the Prime Minister may approve.
(2)
Subject to and in accordance with any written law, the Council may establish, manage and operate any investment fund in accordance with its specified purposes, whether relating to property, stock, shares or otherwise, and to dissolve the investment fund on such terms as the Council may determine.
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