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Section 18 - Future Drought Fund Act 2019 - Future Fund Board must ensure that the balance of the Future Drought Fund Special Account is sufficient to cover authorised debits etc. | Zoe

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Future Drought Fund Act 2019

18Future Fund Board must ensure that the balance of the Future Drought Fund Special Account is sufficient to cover authorised debits etc.

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18 Future Fund Board must ensure that the balance of the Future Drought Fund Special Account is sufficient to cover authorised debits etc.

The Future Fund Board must take all reasonable steps to ensure that the balance of the Future Drought Fund Special Account is sufficient to cover the debits of amounts for the purposes specified in sections 15, 16 and 17.

Note: This may require the Future Fund Board to realise an investment of the Future Drought Fund in accordance with section 40.

Previous section17Purposes of the Future Drought Fund Special Account—purposes not related exclusively to the Future Drought Fund

Next section19Transfers from the Future Drought Fund to the Future Fund