(4) Membership of the Fund Board Committees
may be constituted beyond the members of the
Fund Board to include persons and representatives
of organizations that are capable in the Board’s
Fund estimation, of assisting the Authority and the
Board in the discharge of the universal service
functions, provided that Fund Board Committees
shall at all times be headed by Board members.
(5) The functions of the Fund Board shall be
defined in regulations to be made by the Minister
and shall include
(a) supervising and providing broad policy
directions for the management of the Fund
and the Fund Managers;
(b) appointing and removing Fund Managers,
in consultation with the Authority;
(c) approving Operating Plans, which shall
include one or more Programs and projects
and a budget for all operations and
expenses of the Fund Board, Secretariat,
Fund Managers and all other matters to be
financed by the Fund during the period of
the Operating Plan;
(d) establishing guidelines and regulating the
activities of the Fund Manager;
(e) approving all processes, procedures, guide
lines, and decisions to give full force and
effect to the regulations; and
(f) performing all other functions assigned to it.
(6) The accounts of the Fund shall be audited by
the Auditor General.
Fund secretariat
119. (1) Where a Fund is established, a Fund
Secretariat, shall be established.
(2) The Fund Secretariat resides in the Authority
and shall be responsible for the day-to-day
management of the Universal Service Fund.
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