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ROAD FUND (AMENDMENT) ACT, 2016
ACT 909
ARRANGEMENT OF SECTIONS
Section
1.
Section 1 of Act 536 amended
2.
Section 3 of Act 536 amended
3.
Section 5 of Act 536 amended
4.
Section 6 of Act 536 amended
5.
Section 16 of Act 536 amended
6.
Section 18A inserted
REPUBLIC OF GHANA
THE NINE HUNDRED AND NINETH
ACT
OF THE PARLIAMENT OF THE
REPUBLIC OF GHANA
ENTITLED
ROAD FUND (AMENDMENT) ACT, 2016
AN ACT to amend the Road Fund
Act, 1997 (Act 536) to establish
the Road Fund as a body
corporate; and to provide for
related matters.
DATE OF ASSENT: 23rdMarch,
2016.
PASSED by Parliament and
assented to by the President:
Section 1 of Act 536 amended
1. The Road Fund Act, 1997 (Act
536) referred to in this Act as
the "principal enactment" is
amended by the substitution for
section 1 of
"Establishment of the Road Fund
1. (1) There is established by
this Act a fund to be known as
the Road Fund.
(2) The Fund is a body corporate
with perpetual succession and a
common seal, may sue and be sued
and shall have in all respects
the powers of a body
corporate.".
Section 3 of Act 536 amended
2. The
principal enactment is amended
in section 3
(a)
by the deletion in paragraph
(d) of "and" at the end of
paragraph (d); and
(b)
by the insertion after paragraph
(d) of a new paragraph
(da)
"( da) moneys borrowed
and raised on its own from banks
and any other financial
institution, deter- mined by the
Fund in consultation with the
Minister responsible for
Finance, and;"
Section 5 of Act 536 amended
3.
(1) The principal enactment is
amended in subsection (2) of
section 5 by the
(a)
deletion of paragraph (a);
(b) substitution for
(i) paragraph (b) of
(b) one representative of
the Ministry of Finance not
below the rank of a Director;"
(ii) paragraph (c) of
"(c) one representative of
the Ministry of Power not below
the rank of a Director;"
(iii) paragraph (e) of
"(e)
one representative of the
Ministry of Local Government and
Rural Development not below the
rank of a Director,"; and
(iv) subparagraph (ii) of
paragraph (g) of "(ii)
one representative of the
Co-ordinating Council of the
Ghana Road Transport
Association;"; (c)
deletion of subparagraph (iv) of
paragraph (g); and
(d)
insertion of a new paragraph
(h) as follows: "(h)
one independent person with
expertise in road and transport
nominated by the President.".
(2) The principal enactment is
amended in section 5 by the
insertion of a new subsection
(3) as follows
"(3) The President shall appoint
a chairperson for the Board." .
Section 6 of Act 536 amended
4.
The principal enactment is
amended in section 6 by the
substitution for subsection (1)
of
"(1) The Fund shall be managed
by the Board.".
Section 16 of Act 536 amended
5.
The principal enactment is
amended in subsection (1) of
section 16 by the substitution
for "management" of
"administration".
Section 18A inserted
6.
The principal enactment is
amended by the insertion after
section 18 of new section 18A
"Regulations
18A
The Minister may, by legislative
instrument, make Regulations for
the effective implementation of
this Act.".
Date of Gazette
notification: |
