View source for Road Fund (Amendment) Act, 2016 (Act 909)

==ARRANGEMENT OF SECTIONS==
: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

==LONG TITLE==
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==
23rd March, 2016.

==ACT==

====1. 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
:"'''1. Establishment of the Road Fund'''
:(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.".


====2. Section 3 of Act 536 amended====
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, determined by the Fund in consultation with the Minister responsible for Finance, and;"


====3. Section 5 of Act 536 amended====
(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." .


====4. Section 6 of Act 536 amended====
The principal enactment is amended in section 6 by the substitution for subsection (1) of
:"(1) The Fund shall be managed by the Board.".


====5. Section 16 of Act 536 amended====
The principal enactment is amended in subsection (1) of section 16 by the substitution for "management" of "administration".


====6. Section 18A inserted====
The principal enactment is amended by the insertion after section 18 of new section 18A
:"'''18A. Regulations'''
:The Minister may, by legislative instrument, make Regulations for the effective implementation of this Act.".