(1) There is hereby established a fund to be known as the Legal Aid Fund to be used by the Authority as revenue for the execution of its functions and discharge of its obligations under this Act.
(2) The Fund shall consist of—
(a) sums received by the Authority in respect of application fees and other charges imposed by the Authority under this Act;
(b) sums allocated to the Authority by Parliament;
(c) revenue raised by the Authority in the form of loans, grants, investments or other means; and
(d) all other sums that may become payable to or vested in the Authority in respect of matters incidental to its powers and duties.
(3) The Authority may establish a Reserve Fund into which may be paid any surplus funds of the Authority.
(4) The Authority may withdraw any funds from the Reserve Fund in cases of a shortfall for the purpose of exercising its functions or discharging its duties under this Act.
(5) Subject to any general or specific direction of the Minister, the funds in the Reserve Fund may be invested in securities by the Authority on such terms and conditions determined by the Authority except that the Authority shall not invest its funds in securities offered by any person under its supervision.