← belizelaw.ai · International Financial Services, Cap. 272 · PART V — Miscellaneous
Establishment of General Fund
Cap. 272, s. 18 · Revised Edition 2020
(1) All sums referred to in section 17 shall be paid into and placed to the credit of an account of the Commission (hereinafter referred to as the “General Fund”) to be maintained in the name of the Commission at a bank approved by the
(2) All expenses incurred or payable by the Commission pursuant to this Act or any Regulations made hereunder shall be paid out of the General Fund and all disbursements therefrom shall be in accordance with accounting regulations which may be made by the Commission from time to time.
(3) The Commission shall be responsible for the management of the General Fund.
funds.
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