Development Fund Board Act, 2009 (No. 6 of 2009). Country/Territory British Virgin Islands (UK) Document type Legislation Date 2009 Source FAO, FAOLEX Long titleAn Act to establish the Development Fund Board and matters related thereto. Subject Agricultural & rural development Keyword Agricultural development Institution Special fund Non-governmental entity Geographical area Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States Abstract This Act establishes the Development Fund Board as a body corporate, defines its functions and powers and provides with respect to its administration and internal organization. The Board shall, among other things: financially manage the property received by it from the Government of the Virgin Islands or any other source for the purposes of the development of the economy of the Virgin Islands; appoint a commercial bank for purposes of this Act; and monitor the dealings of the bank in relation to any property invested with the bank under this Act. The Board may enter into an agreement with the bank for a period of five years. The bank shall, among other things, grant loans for a development projects to persons approved by the Board in accordance with regulatory standards. Full text English Website www.bvigazette.org