(1) In accordance with section 52(5)(a) of the Act, the Accountant General shall negotiate with a bank for a service.
(2) Due consideration must be given to the safety of the Government funds, the ability of the bank to provide required service, and the interest paid by the bank on all Government deposits.
(3) Where possible, the Accountant General shall consider the banking regulatory reports of the Eastern Caribbean Central Bank, and a bank that is certified as safe.