Section 6: General reserve.
(1) Without prejudice to the power of the Board to set aside from revenue appropriate amounts for replacements, contingencies or other purposes, the Board may establish and maintain a general reserve.
(2) The management of the general reserve, the sums 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 monies comprised therein, shall be as the Board may with the approval of the Minister determine:
Provided that no part of the monies comprised in the general reserve shall be applied otherwise than for the purposes of the Board.
Cite this section
Section 6, NATIONAL LIBRARY ACT (1970).
https://repo.podus.ai/laws/national-library-act/section/6/