Simplified outline
40 Simplified outline
The following is a simplified outline of this Division:
• Interest is funded by crediting the net interest amount to the Special Account.
• An Unallocated Interest Pool is to be kept within the Special Account.
• Unallocated interest is represented by the balance of the Unallocated Interest Pool.
• In special cases, the Unallocated Interest Pool may be supplemented by crediting an amount to the Special Account.
• Since interest only accrues on the first $1,200 of an account balance, it is possible for a surplus to build up in the Unallocated Interest Pool. The surplus can be debited from the Special Account.
This Act’s bill:Second reading speech
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