Section 172
Sewerage Capital Contribution Fund
of Water Services Industry Act 2006
(1)
A fund to be known as the “Sewerage Capital Contribution
Fund” is established and shall be controlled and operated by the
Commission.
(2)
The Sewerage Capital Contribution Fund shall consist of any sums contributed by any developer or person who constructs—
(a)
a building and connects the building to a public sewer;
(b)
a sewage treatment works without a sludge processing facility or standby power generator or both; and
(c)
a septic tank or communal septic tank that requires an off-site sludge processing facility, in accordance with the rates as may be prescribed.
(3)
The Sewerage Capital Contribution Fund shall be expended for the following purposes:
(a)
to supplement capital expenditure required for public sewerage systems;
(b)
for the implementation of a regional sewerage system; or
(c)
such other purposes as may be determined by the Minister.
(4)
The Commission shall cause proper accounts of the Sewerage
Capital Contribution Fund and proper reports of its activities in respect of the Fund to be kept and shall, as soon as practicable after the end of each financial year, cause to be prepared for that financial year—
(a)
a statement of accounts which shall include a balance sheet and an account of contributions and expenditure;
and
(b)
a statement of its activities.
(5)
The Commission shall as soon as possible send a copy of the statement of accounts certified by the auditors and a copy of the auditors’ report to the Minister who shall cause them to be laid before both Houses of Parliament.
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