| a) |
the prescribed levies paid to the board by estate agents; |
| b) |
all moneys derived from any investments; |
| c) |
all other moneys which may accrue to the board from any other source. |
| 2) |
The board shall utilize its funds to defray the expenses incurred by the board in the performance of its functions and the exercise of its powers under this Chapter: Provided that - |
| a) |
any moneys or other property donated or bequeathed to the board shall be utilised in accordance with the conditions of such donation or bequest; |
| i) |
after an investigation has found that an estate agent failed to comply with any duty imposed upon him in terms of this Act; |
| ii) |
has incurred any liability to pay attorney and client costs in respect of any proceedings instituted by it in terms of this Act for the recovery from an estate agent of any amount which is payable by him to the board or the fund; or |
| iii) |
has incurred any liability to pay audit fees in respect of an audit done on the instructions of the board in a case where an audit contemplated in sections 29 and 32(4) has not been done, |
the board may recover the costs of such investigation in so far as it relates to such duty, or the taxed amount of such attorney and client costs or the amount of such audit fees, as the case may be, from the estate agent concerned.
| 3) |
The board shall deposit all the moneys received by it under this Chapter in an account opened by it at any bank approved by the Minister. |
| 4) |
The board may invest any moneys received under this Chapter and not required for immediate use, with the Public Debt Commissioners or in such other manner as may be determined by the Minister in consultation with the Minister of Finance. |
Public Service Commission Act, 1997
