Functions and duties of the Board

(1) The Board shall, within the limits of its powers, (a) monitor, and seek to ensure proper, implementation of this Act, as well as 34 Management Fund compliance by all persons with their obligations under and in respect of, this Act; (b) interact with the peoples of Belize regarding the implementation of this Act, and inform and educate the peoples of Belize on the Fund, the workings of the Investment Committee, the Board and the Public Information Office; (c) investigate complaints made by persons regarding the implementation of this Act or compliance by persons with their obligations under or in respect of this Act, and facilitate the making of such complaints to it; (d) consider from time to time and, if thought fit, recommend, amendments to this Act, either in the interests of transparency or otherwise in the interests of present and future generations of the peoples of Belize; and (e) carry out such other tasks related to this Act and which do not conflict with its other functions as may be given to it by law or the Minister. (2) Subsection (1) includes, (a) receiving, considering, commenting upon, or approving, in the manner provided in this Act, the periodic reports on the Fund, or of the the Information Office, the Auditor- General and the independent auditor; (b) receiving, considering and reporting on in the manner provided in this Act, any proposal to Management Fund 35 transfer an amount additional to the Annual Transfer Amount from the Permanent Fixed Account to the Flexible Transfer Account in a financial year, and the related fully reasoned reports and estimations of the Minister of Finance and the Central Bank; (c) approving agreements the Board is required to approve under this Act; and (d) considering the adequacy of the budgets and funding of the Investment Committee and the Board and their workings, and reporting thereon.