Section 23: Fund of the Zonal Offices.

(1) There shall be paid and credited to the account of a Zonal Office-
(a) such money as may be granted as allocation from the Scheme;
(b) such money as may be granted by or received from the States and Local Governments within the Zone;
(c) such money as may, from time to time, be granted or recorded as voluntary contributions by persons and organizations.
(2) The Zonal office shall apply the sums at its disposal-
(a) to the cost of administration of the Zonal Office;
(b) for the training of members of staff of the Zonal Office;
(c) to the payment of salaries, allowances and benefits of officers and employees in the Zonal Office; and
(d) for and in connection with the objectives of the Scheme under this Act.
(3) All money received by a Zonal Office shall be paid into an account approved by the Council and no money shall be withdrawn from the account except-
(a) by means of cheques signed by such persons as the Council may specially authorise in that behalf; or
(b) by such other means as the Council may, from time to time, approve.
(4) Subject to the provisions of section 11(4) of this Act, any money not immediately required to meet the obligations of the Zonal Office shall be invested by the Council having regard to the need to-
(a) allow for the safe retrieval of the money invested, together with the return on interest sufficient to maintain the real purchasing power of the money;
(b) secure a rate of return at least equal to that assured by the actuary in the last actuarial review under this Act; and
(c) provide for the realisation of the investments to be consistent with the future liabilities of the Zonal Office.