Section 81, The Public Financial Management Act, 2016

(1) There is hereby established a fund to be known asthe Intergenerational Savings Fund. (2) The Intergenerational Savings Fund shall be a pool of assets and does not have a legal personality or budget. No. 13 Public Financial Management Act 2016 No. 13 Public Financial Management Act 201668 69 Deposits to, and withdrawal from Intergenerational Savings fund . Chart of accounts of the central Accounting standards of the general (3) The Intergenerational Savings Fund shall consist of– (a) public money transferred from the Transformational Development Stabilization Fund under subsection (1) of section 82; (b) investments of public money mentioned in paragraph (a); and (c) public money accruing as interest, dividends, returns, and profits arising from the investments mentioned in paragraph (b). (4) The State shall be the legal and beneficial owner of the Intergenerational Savings Fund. (5) The assets of the Intergenerational Savings 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 Intergenerational Savings Fund is the same as the financial year defined in section (2). (7) The Schedule shall apply in relation to the governance and investment of the Intergenerational Savings Fund.