Development Fund

(1) There is hereby established a fund to be known as the Fund. (2) The Development Fund shall consist of the following (a) Such moneys as maybe appropriated for development purposes by law; (b) grants or loans to for purposes by any other government, body or person; (c) moneys received from the proceeds of loans raised for development purposes; (d) moneys received by way of interest or dividend on any investment or loan of any moneys belonging to the Development Fund; 18 (e) earned by or received in reimbursement of any project financed wholly or in part from the Development Fund. (3) The Development Fund shall not form part of the Consolidated Revenue Fund and shall be kept in a separate account with the Accountant General. (4) The Development Fund shall be operated in accordance with the rules set out in the Second Schedule. (5) The rules set out in the Second Schedule may be amended by the Minister from time to time by notice published Provided that the House of Representatives shall first by resolution approve any such amendment. (6) Subject to the provisions of this section and of any other law, moneys held for the Development Fund which are not required for immediate use for development purposes may be invested in like manner to that permitted by section 3 in respect of the Consolidated Revenue Fund.