Use of the Fund

The Fund may be used to pay– (a) compensation to in accordance with this Act; (b) all expenses incurred in or incidental to- (i) the establishment and maintenance of (ii) the administration and management of (iii) the investigation, assessment and payment of deposit insurance claims; or (iv) the performance of other duties and functions of the Corporation under this Act; (c) reasonable fees to an auditor, consultant and other professionals for the provision of services related to the management, administration and maintenance of the Fund; (d) the principal and interest to be repaid in respect of an amount borrowed for a purpose related to the Fund; and 17 (e) a refund of any excess amount paid to the Fund. Fund.