110Money of school representative body

110 Money of school representative body (1) The money of a school representative body consists of: (a) for a school representative body other than a joint school representative body – money allocated by the Agency to the Government school in respect of which the body is established; and (b) money raised under section 107(1)(l); and (c) money granted under section 109. (2) The Regulations may provide for: (a) the opening and operation of bank accounts by a school representative body; and (b) the purposes for which money in a bank account may be used; and (c) the auditing of the accounts of a school representative body; and (d) the ownership of materials or other property purchased by a