Interpretation

In this Act, unless the context otherwise requires, “Board” means the Board of Directors of the Corporation established under section 5 of this Act; “Chairperson” means the Chairperson of the Board of Directors appointed under section 5 of this Act; “Corporation” means the North Ambergris Caye Development Corporation established under section 3 of this Act; “financial year”, in relation to the Corporation, means the period of twelve months ending on the 31st day of March inclusive; “functions” include powers and duties; “General Manager” means the person holding the office of General Manager pursuant to section 21 of this Act; “Minister” means the Minister for the time being charged with the responsibility for Finance; 7 “North Ambergris Caye” means the area described in the Schedule hereto, or such other area as the Minister may from time to time prescribe by Order published in the Gazette; “shareholder” means a shareholder in the Corporation.