35 Telecommunications Commission Special Fund; and (b) under section 51 or otherwise for the purposes of funding universal access shall be paid into the Universal Access Special Fund. (3) Subject to section 134, all moneys in the Telecommunications Commission Special Fund shall be at the sole disposal of the Telecommunications Commission for the sole purpose of funding its activities under this Act. (4) All moneys in the Universal Access Special Fund shall be at the sole disposal of the Telecommunications Commission for the sole purpose of funding universal access under Part 6. (5) Subject to the Constitution and this Act, the Telecommunications Commission shall administer and account for its finances and those of universal access— (a) (b) separately from one another; and independently of the Government and service providers. (6) Subject to section 131(3), no money shall be issued or schedule of payments authorised from either special fund except as duly signed by the commissioner. (7) The Telecommunications Commission may, with the approval of the Minister responsible for Finance— _ (a) (b) establish such bank accounts as it requires for the management of funds; and invest the funds at its disposal in low risk investments. (8) In accordance with section 100(3) of the Constitution, the receipts, earnings and accruals of each special fund established pursuant to subsection (1) and the balance of such fund at the close of each financial year shall not be paid into the Consolidated Fund but shall be retained in the relevant special fund for the purposes of such special fund in its following financial year.

Select target paragraph3