Co-operative College of Kenya Act

17. Funds and investments

Edition: 2022-12-31 · In force

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17. Funds and investments

(1)The funds of the College shall consist of—

(a)fees;

(b)Government grants;

(c)donations and gifts;

(d)endowments;

(e)loans;

(f)consultancy fees; and

(g)money from any other source approved by the Cabinet Secretary.

(2)The Council may invest any of the funds of the College in securities in which trustees may by law for the time being in force invest as trust funds or in such other securities or any other investment as the Cabinet Secretary may approve.

(3)The Council may place on deposits with the Co-operative Bank of Kenya or such other bank as it may determine any money not immediately required for the purpose of the College.

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Source: Kenya Law