ADVOKS GLOBAL · KENYA
Morendat Institute of Oil and Gas National Polytechnic Order
20. Investment of funds
Edition: 2024-10-11 · In force
20. Investment of funds
(1)The Council may invest any of the funds of the National Polytechnic in securities in which for the time being the Council may, by law, invest trust funds or in any other securities which the Cabinet Secretary responsible for matters relating to finance may, from time to time, approve for that purpose.(2)The Council may, subject to the approval of the Cabinet Secretary responsible for matters relating to finance, place on deposit with such banks as it may determine, any monies not immediately required for the purposes of the National Polytechnic.