1. These Rules may be cited as the (Public Roads Toll Fund) Rules, 1986 and shall be deemed to have come into operation on the 1st August, 1984.

2. In this Rules unless the context otherwise requires—

“financial year” means the period from 1st July in any year to the 30th June in the immediately succeeding year (both days inclusive);

“fund” means the Public Roads Toll Fund established under section 7(1) of the Public Roads Toll Act;

“officer administering the Fund” means the accounting officer responsible for the Vote of the Ministry for the time being responsible for roads or any other person appointed by him in writing to administer the Fund on his behalf.

3. The purpose and object of the Fund shall be to provide additional funds required for the operation of toll stations and for maintenance of roads.

4. (1) The initial capital of the Fund shall be K£10 appropriated by Parliament in the 1985/86 financial year.

(2) The surplus realized in any year from the operation of the Fund shall be added to the initial capital.

5. The expenditure on operation of toll stations and maintenance of roads shall be on the basis of, and be limited to, the annual budget (on receipts and expenditure) which shall be submitted to the Treasury for approval before the beginning of the financial year to which the budget relates.

6. The Government procurement procedure shall strictly be adhered to.

7. All moneys collected as tolls under the Public Roads Toll Act shall be paid into the Fund.

8. All receipts, savings and accruals of the Fund and the balance of the Fund at the close of each financial year, shall be retained for the purpose of which the Fund is established.

9. The officer administering the Fund shall—

(a) supervise and control the administration of the Fund;

(b) if he thinks fit, impose conditions as the use to be made of any expenditure authorized by him or on his behalf and such conditions may impose any reasonable prohibition, restriction or requirements concerning such use or expenditure;

(c) cause to be kept all proper books of accounts and other books and records in relation to the Fund and to all the various activities and undertakings financed by the Fund;

(d) transmit to the Controller and Auditor-General, in respect of each financial year and within four months after the end thereof a statement of account relating to the Fund, prepared and signed by him, specifying income to the Fund, and showing the expenditure incurred from the Fund, in such details and with such additional information as he may deem to be proper and sufficient for the purpose of examination and audit by the Controller and Auditor-General in accordance with section 18(2) of the Exchequer and Audit Act (Cap. 412) as the Treasury may from time to time direct, and every statement of account shall include details of the balance between the assets and liabilities of the Fund, and indicate the financial status of the Fund, as at the end of the financial year concerned.