Grammar Schools Act 2016
sec.26Establishment of investment common funds
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sec.26 Establishment of investment common funds
A board may establish and administer 1 or more investment common funds for the collective investment of funds belonging to the board’s school, trust funds and other funds held by or in the custody of the board’s school. The board may add funds to, or withdraw funds from, an investment common fund, without incurring any liability for breach of trust. (sec.26-ssec.1) A board may establish and administer 1 or more investment common funds for the collective investment of funds belonging to the board’s school, trust funds and other funds held by or in the custody of the board’s school. (sec.26-ssec.2) The board may add funds to, or withdraw funds from, an investment common fund, without incurring any liability for breach of trust.