Section 10: General reserve.

(1) Without prejudice to the power of the Council to set aside from revenue appropriate amounts for replacement, contingencies or other purposes, the Council may establish and maintain a general reserve.
(2) The management of the general reserve, the sum to be carried, from time to time, to the credit of the general reserve, the charges to be made against the general reserve and any other application of the moneys comprised therein shall be as the Council may, with the approval of the Minister, determine.
(3) No part of the money comprised in the general reserve shall be applied otherwise than for the purpose of the Council.