Fund of the Corporation

Fund of the Corporation:

1. (1) The Corporation shall have a fund to be called the "Road Development Fund".
2. (2) The following shall be credited to the Road Development Fund; namely:
   • (a) all grants, subventions, donations and gifts made by the Government or any local authority or any other body or any person;
   • (b) the amount paid, or as the case may be, the revenue collected by the Corporation by way of levy of tolls, fees and charges;
   • (c) all moneys received by or on behalf of the Corporation including the interest or dividend on investments;
   • (d) all moneys borrowed by the Corporation;
   • (e) all moneys received by the Corporation from the disposal of movable and immovable properties;
   • (f) all other sums received by the Corporation from any other source.
3. (3) The Fund shall be applied for meeting:
   • (a) the cost of administration and management of the Corporation;
   • (b) the cost of acquiring land and properties;
   • (c) the cost of construction, development, maintenance and repairs of the roads;
   • (d) the repayment of loans and interest thereon;
   • (e) the expenditure incurred in exercise of the powers and discharge of the duties and functions under this Act;
   • (f) any other expenditure which may be incurred for the purposes of this Act.