Chapter:	230	Title:	PUBLIC BUS SERVICES ORDINANCE	Gazette Number:
Section:	27	Heading:	Development Fund	Version Date:	30/06/1997

(1) A grantee shall, for the purposes of its franchise, maintain a Reserve to be called the Development Fund the purpose of which, subject to section 28(4) and (5), shall be to assist in the acquisition of fixed assets.
(2) The balance in the Development Fund represents a liability of a grantee and shall not be applied except as provided in this Part or in the franchise of a grantee.