Common use of Special Funds Clause in Contracts

Special Funds. a) The establishment and administration of Special Funds by the Bank shall be approved by the Board of Governors by a qualified majority and shall follow the purposes set forth in Article 2 of this Agreement. b) Except when the Board of Governors specifies otherwise, the Special Funds shall be accountable and its operations subjected to the Board of Directors. c) The Bank may adopt such special rules and regulations as may be required for the establishment, administration and use of each Special Fund.

Special Funds. a) a. The establishment and administration of Special Funds by the Bank shall be approved by the Board of Governors by a qualified majority and shall follow the purposes set forth in Article 2 of this Agreement. b) b. Except when the Board of Governors specifies otherwise, the Special Funds shall be accountable and its operations subjected to the Board of Directors. c) c. The Bank may adopt such special rules and regulations as may be required for the establishment, administration and use of each Special Fund.

Special Funds. Article a) The provides that the establishment and administration of Special Funds by the Bank shall be approved by the Board of Governors by a qualified majority and shall follow the purposes set forth in Article 2 in the Articles of this Agreement. Article b) Except providest that except when the Board of Governors specifies otherwise, the Special Funds shall be accountable and its operations subjected to the Board of Directors. Article c) The provides that the Bank may adopt such special rules and regulations as may be required for the establishment, administration and use of each Special Fund.

Special Funds. Article a) The provides that the establishment and administration of Special Funds by the Bank shall be approved by the Board of Governors by a qualified majority and shall follow the purposes set forth in Article 2 in the Articles of this Agreement. Article b) Except provides that except when the Board of Governors specifies otherwise, the Special Funds shall be accountable and its operations subjected to the Board of Directors. Article c) The provides that the Bank may adopt such special rules and regulations as may be required for the establishment, administration and use of each Special Fund.