(1) An account called
the Education and General Purpose Account is to be established —
(a) as
an agency special purpose account under section 16 of the
Financial Management Act 2006 ; or
(b) with
the approval of the Treasurer, at a bank as defined in section 3 of that Act.
(2) The General
Purpose Account is to be administered by the chief executive officer.
[Section 102A inserted: No. 59 of 1995 s. 80;
amended: No. 77 of 2006 Sch. 1 cl. 156(2) and (12); No. 58 of 2010 s. 164.]