Section 3: Functions of the Board, etc.

(1) Notwithstanding any other provisions of this Act, the functions of the Board shall include the general power to-
[1988 No. 18.]
(a) monitor the operation and evaluate the progress of the Scheme;
(b) advise the Minister as to changes required to improve the operation of the Fund;
(c) receive and consider the report of the management agent of the Fund and advise the Minister thereon;
(d) determine the remuneration of external auditors and solicitors;
(e) perform such other duties relating to the Fund as may be referred to it by the Minister;
(f) publish names of defaulters of loans granted under this Act in the national newspapers;
(g) approve the operational budget of the Fund; and
[1993 No. 32.]
(h) solicit the assistance of government loan machineries in the recovery of loans granted under this Act.
(2) The Minister may give the Board directions of a general character or relating generally to particular matters with regard to the exercise by the Board of its functions under this Act and it shall be the duty of the Board to comply with such directions.