18Purposes of the Medical Research Future Fund Special Account—purposes related exclusively to the investments etc. of the Medical Research Future Fund

18 Purposes of the Medical Research Future Fund Special Account—purposes related exclusively to the investments etc. of the Medical Research Future Fund

Each of the following is a purpose of the Medical Research Future Fund Special Account: (a) paying the costs of, or incidental to, the acquisition of financial assets under section 37; (b) paying expenses of an investment of the Medical Research Future Fund; (c) paying the costs of, or incidental to, the acquisition of derivatives under section 47; (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 50(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 Medical Research Future Fund; (f) paying a premium in respect of a contract of insurance entered into by the Future Fund Board exclusively in connection with the Medical Research Future Fund; (g) paying or discharging any other costs, expenses, obligations or liabilities incurred by the Future Fund Board exclusively in connection with the Medical Research Future Fund.

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