Development functions

(1) Development functions relating to North Ambergris Caye may include, (a) infrastructural development; (b) development of residential communities; (c) development of commercial tourist facilities and amenities, including hotels and marinas; (d) provision of shops, parks, playgrounds and sports facilities; (e) ecological reservations and protection of the environment; (f) establishment of wild-life reserves and preservation of archaeological sites; (g) acquiring, holding, managing and disposing of land and other property; Functions of the Corporation. Development functions. (h) carrying on building and other operations; (i) carrying on any business or undertaking in or for the purposes of North Ambergris Caye; (j) making of loans or grants to persons for housing or business purposes, including the purchase of land for such purposes; and (k) generally doing anything necessary or expedient for the development of North Ambergris Caye or for purposes incidental thereto. 12 (2) The functions of the Corporation under this Act shall be without prejudice to the powers and functions of the Central Housing and Planning Authority under the Housing and Town Planning Act, Cap. 182 or any regulations made thereunder. (3) It shall be the duty of the Corporation to carry out its development functions in accordance with the provisions of this Act and the proposals approved by the Minister.