Section 79, The Public Financial Management Act, 2016

(1) There is hereby established a fund to be known as the Transformational Development Stabilization Fund. (2) The Transformational Development Stabilization Fund shall be a pool of assets and shall not have a legal personality or budget. (3) The Transformational Development Stabilization Fund shall consist of – (a) public money transferred from the Transformational Development Fund Account under subsection (1) of section 80; (b) investments of public money referred to in paragraph (a); and (c) public money accruing as interest, dividends, returns, and profits arising from the investments referred to in paragraph (b). (4) The State shall be the legal and beneficial owner of the Transformational Development Stabilization Fund. (5) The assets of the Transformational Development Stabilization Fund shall not be invested in – (a) securities issued by a Sierra Leonean issuer, real estate located in Sierra Leone, or funds or companies or similar arrangements, the primary purpose of which are to invest in Sierra Leone; or (b) covered bonds secured with assets mentioned in paragraph (a). (6) A financial year of the Transformational Development Stabilization Fund shall be the same as the financial year of the Government of Sierra Leone. (7) The Schedule shall apply in relation to the governance and investment of the Transformational Development Stabilization