SCHEDULE 1DEVELOPMENT CORPORATIONS
Finance
18.
(1)
After consultation with a development corporation, the F1responsible department may, with the approval of the Department of Finance and Personnel, determine the financial duties of the corporation.
(2)
The F1responsible department shall give the corporation notice of every determination and a determination may –
(a)
relate to a period beginning before the date on which it is made;
(b)
contain incidental or supplementary provisions; and
(c)
be varied by a subsequent determination.
(3)
The F1responsible department, with the approval of the Department of Finance and Personnel, may direct a development corporation to pay to the F1responsible department out of any money which appears to the F1responsible department to be surplus to the requirements of the corporation such sums as the F1responsible department may determine.
(4)
The corporation shall comply with any such direction.
(5)
Any sums received by the F1responsible department under this paragraph shall be paid into the Consolidated Fund.