National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019
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Establishment of National Surplus (Exceptional Contingencies) Reserve Fund | ||
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2. (1) On the commencement of this section, there shall stand established a fund to be known as the “National Surplus (Exceptional Contingencies) Reserve Fund” and which is in this Act referred to as the “Fund”. | ||
(2) The purpose for which the Fund is established by this section is so that there may be held in the Fund the relevant assets unless and until, in accordance with this Act, some or all of those assets are permitted to be transferred from the Fund for the purposes specified in section 9 (2). | ||
(3) In subsection (2) “relevant assets” means the assets (including sums) referred to in section 5 that may be transferred to, or otherwise paid into, the Fund under that section. |