ADVOKS GLOBAL · KENYA
Sports Stadia Management Board Order
8. Establishment of the Sports Management Fund
Edition: 2022-12-31 · In force
8. Establishment of the Sports Management Fund
(1)There shall be a Fund to be known as the Sports Management Fund (hereinafter called "the Fund") into which all moneys received by the Board shall be paid and out of which all payments made by the Board shall be made.(2)The Board shall—(a)supervise and control the administration of the Fund;(b)open a banking account or banking accounts for the Fund;(c)invest any surplus funds in the manner approved by the Board;(d)if it deems fit, impose conditions as to any expenditure authorized by it or in its behalf, and such conditions may impose any reasonable prohibition, restrictions, suspension or requirements concerning such use or expenditure.