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(1) Moneys for the Fund shall be vested in the Board.

(2) The Board of the Energy Commission is responsible for the management of the Fund subject to the Financial Administration Act, 2003 (Act 654).

(3) The Board shall

(a) pursue policies to achieve the object of the Fund;

(b) collect or arrange to be collected, moneys lawfully due to the Fund, through procedures determined by the Minister;

(c) ensure accountability of the Fund by defining appropriate procedures for the utilization of the Fund;

(d) prepare and publish the criteria for the disbursement of moneys from the Fund with the approval of the Minister;

(e) disburse moneys from the Fund;

(f) receive and examine reports from designated persons or institutions in respect of financial assistance granted those persons or institutions; and

(g) perform any other function assigned to it under this Act or incidental to the achievement of the object of the Fund.