ADVOKS GLOBAL · KENYA
Kenya Institute of Education Order
30. Investments of funds
Edition: 2022-12-31 · In force
30. Investments of funds
(1)The Council may invest any of the funds of the Institute in any securities which the Treasury may, from time to time, approve for that purpose.(2)The Council may, subject to the approval of Treasury, place on deposit with such bank or banks as the Council may determine, any monies not immediately required for the purposes of the Institute.(3)Any balance of grant may be carried forward in the accounts of the Council from one year to the next and be expended as the Council may determine, or be put into a reserve account of the Council.