(1) In accordance with sections 43 and 44 of the Act, there shall be established a Universal Service Fund.
(2) The Fund shall be managed by the Commission which shall—
(a) collect and disburse the income of the Fund; and
(b) make all relevant decisions with respect to the Fund consistent with the Act and these Regulations.
(3) The Fund shall consist of—
(a) contributions by telecommunications providers as specified under the Act and by Order of the Minister;
(b) any funds that may be directly appropriated by Parliament for purposes of the Fund; and
(c) official grants, donations, bequests or other contributions, or transfers granted by an individual or other legal entity.
(4) The Commission may refuse any bequest, donation, grant or other contribution if the Commission considers it inconsistent with the best interest of the Fund.