NATIONAL STEEL RAW MATERIALS EXPLORATION AGENCY ACT
Section 13: General reserve
(1) Without prejudice to the power of the Agency to set aside from its revenue appropriate amounts for replacement, contingencies or other purposes, the Agency 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 Board 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 Agency.
Cite this section
Section 13, NATIONAL STEEL RAW MATERIALS EXPLORATION AGENCY ACT (1992).
https://repo.podus.ai/laws/national-steel-raw-materials-exploration-agency-act/section/13/