CTHRepealedAct
Nation-building Funds Act 2008
145Future Fund Board must ensure that there is sufficient money in the Education Investment Fund Special Account to cover authorised payments etc.
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#### 145 Future Fund Board must ensure that there is sufficient money in the Education Investment Fund Special Account to cover authorised payments etc.
The Future Fund Board must take all reasonable steps to ensure that the amount of money standing to the credit of the Education Investment Fund Special Account is sufficient to cover:
(a) the debit of amounts for payments authorised, or proposed to be authorised, under subsection 176(1), (2), (3), (4) or (5); and
(b) amounts debited, or proposed to be debited, under subsection 183(1); and
(c) amounts debited, or proposed to be debited, under subsection 190(1); and
(d) amounts debited, or proposed to be debited, under subsection 194(1).
> Note: This may require the Future Fund Board to realise an investment of the Education Investment Fund in accordance with section 153.