Section 78: Purpose of the Resolution Fund.

The Resolution Fund shall be utilised exclusively-(a) to pay the operating costs of a bridge bank;
(b) to pay the costs of transferring the whole or any part of the business at the bank, specialised bank or other financial institution pursuant to a resolution measure;
(c) to provide a loan, advance, overdraft or other credit facility to a bank, specialised bank or other financial institution, financial institution under resolution or a bridge bank;
(d) to pay any other cost reasonably incurred in the resolution measure, such as legal cost, cost of any advisory services, and the cost of an independent valuation of the bank, specialised bank or other financial institution under resolution;
(e) for such other purposes in support of resolution measure as may be prescribed by the Governor; and
(f) to pay expenses and costs specifically incurred for the administration and management of the Resolution Fund, up to an annual limit of an amount equivalent to 0.5% of the total amount paid into the Resolution Fund for the calendar year in which the expenses or costs are incurred.