Administration of the Fund

(1) The Fund shall be held and administered on behalf of the Government by a Board consisting of–– 1. Minister Incharge Finance Department … Chairman 2. Financial Commissioner/Principal Secretary … Member to Government, Finance Department 3. Financial Commissioner/Principal Secretary … Member to Government, Public Works Department 4. Commissioner Sales Tax … Member 5. Director Accounts & Treasuries … Member 6. Director Employment … Member. (2) Commissioner Sales Tax shall also be the ex officio Secretary of the Board. (3) The Board may co-opt any other person as a member of the Board : Provided that the member or the members so co-opted shall not exceed three.