Financial Regulations

The Board may from time to time make Regulations– (a) requiring the day-to-day deposit of the funds of the Institute into a bank or financial institution in Belize approved by the Board; (b) requiring the grant of any contract by the Institute exceeding three hundred thousand dollars in any single instance to be made with the written approval of the Minister of Finance; (c) designating the officers of the Institute who shall have custody of the funds of the Institute, and shall sign cheques and other instruments on behalf of the Institute; or (d) specifying the total amount which may be maintained by the Institute at any one time as petty cash.