54 Development Levy Fund

(1) There is established a Fund known as "Development Levy Fund".

(2) The Accountant-General of the State shall open a dedicated Account into which shall be credited all Development Levies collected by the Service.

(3) For the purpose of physical infrastructural development in the State, the Development Levy Fund shall be administered by the Commissioner for Finance in conjunction with the Commissioners responsible for Works, Water and Energy.