Section 18E

The Corporation shall establish a maintenance fund for the purposes of managing and maintaining the resort area and of providing and maintaining the infrastructure and other facilities and services for the use of persons living and working in the resort area.

The maintenance fund shall be under the direction and control of the Corporation.

All moneys received by the Corporation by virtue of section 18F shall be paid into the maintenance fund and all expenditure and other expenses incurred by the Corporation for managing and maintaining the resort area and for providing and maintaining the infrastructure and other facilities and services for persons living and working in the resort area shall be charged to the maintenance fund.

All moneys in the maintenance fund that are not immediately required may be placed on time deposits with banks or invested in such securities as trustees may by written law be authorised to invest.

Nothing in this section shall be construed as imposing an obligation on the Corporation to maintain any immovable property in the resort area that is privately owned.