← belizelaw.ai · Protected Areas Conservation Trust, Cap. 218 · PART IV — Establishment of Finance and Audit Committee, Technical

Endowment Fund

Cap. 218, s. 30 · Revised Edition 2020

(1) The Board shall establish an Endowment Fund in conjunction with the Trust Fund. (2) The Endowment Fund shall receive no less than five per centum of the total revenue derived from the Trust Fund during each fiscal year. (3) Only interest from the Endowment Fund shall be (4) The Endowment Fund shall be drawn on only in emergencies, contingencies and for such purposes as the Board may determine and only upon unanimous agreement of the full (5) The Board shall determine the management and investment of the Endowment Fund.
Have a question about this section? Ask belizelaw.ai →
Endowment Fund — Cap. 218 s. 30 · Belize Law