16Purposes of the Future Drought Fund Special Account—purposes related exclusively to the investments etc. of the Future Drought Fund

16 Purposes of the Future Drought Fund Special Account—purposes related exclusively to the investments etc. of the Future Drought Fund

Each of the following is a purpose of the Future Drought Fund Special Account: (a) paying the costs of, or incidental to, the acquisition of financial assets under section 39; (b) paying expenses of an investment of the Future Drought Fund; (c) paying the costs of, or incidental to, the acquisition of derivatives under section 49; (d) paying or discharging the costs, expenses and other obligations incurred by the Future Fund Board under a contract between the Board and an investment manager engaged under subsection 52(1); (e) paying or discharging the costs, expenses and other obligations incurred in connection with the establishment, maintenance or operation of a bank account of the Future Fund Board, if the bank account relates exclusively to the Future Drought Fund; (f) paying a premium in respect of a contract of insurance entered into by the Future Fund Board exclusively in connection with the Future Drought Fund; (g) paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board exclusively in connection with the Future Drought Fund.

Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).