Moneys of the Trust Fund

(1) Moneys of the Trust Fund may be used to cover administrative, management and operational costs and capital expenditures of the Trust Fund and such moneys shall be subject to an annual maximum which shall be determined by the Board. (1A) The Executive Director shall, with the approval of the Board, open and maintain, at such bank or banks as he may from time to time determine, accounts of the Trust referred to in section 22 (1) to cover the expenses referred to in sub-section (1). (2) The total distribution of moneys from the Trust Fund shall not exceed the amount on deposit as held in the Trust Fund.