Section 20Part 4 — Financial Provisions
Utilisation of Road Fund
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20. (1) The Road Fund shall be used by the Cabinet to transfer the revenue referred to in section 19(1) to the Authority to fund the Authority’s annual operating costs and to be applied in particular to the construction, upgrading, rehabilitation and maintenance of public roads.
The Road Fund shall be used for any other purpose provided for under this Act and approved by the Cabinet, the Cayman Islands Parliament or both, including the purposes referred to in section 23, without prejudice to the prescribed use of the Road Fund in subsection (1).
The revenue collected from fuel import duties on gasoline and diesel used by motor vehicles and the fees from motor vehicle drivers’ licences, for the period commencing on 1st July, 2014 and the ending on 30th June, 2015, inclusive, shall be allocated to the Road Fund and transferred to the Authority in monthly installments, with payments commencing from September, 2014, for the purpose specified in subsection (1)