Section 12, The Independent Media Commission Act, 2000. [Margin: Short title.]

(1) The activities of the Commission under this Act shall be financed by a fund which shall include— (a) moneys appropriated by Parliament for the purposes of the Commission; (b) any loans raised by the Commission; (c) grants or gifts from any person or organisation; and (d) moneys accruing to the Commission in the course of its operations, including licence and registration fees, fines and other penalties payable under this Act. (2) All moneys received on account of the Commission shall be paid into such bank account as the Commission may determine, but the Commission may invest as it considers fit, any moneys not required for immediate use by the Commission. No. 12 Independent Media Commission Act 2000 29