18A. Purposes of Coastal and Flood Protection Fund

for the Board to carry on any coastal administration activity consisting of —

the construction, improvement or extension, or any demolition and replacement, of any structure or installation within the coastal zone —

to stop or reduce the impact of coastal hazards on land adjacent to tidal waters, including (but not limited to) a seawall, revetment, groyne, weir or dyke, and drains or other channels for the interaction of tidal waters with catchment floodwaters; or

to mitigate current and future risks from coastal hazards, taking into account the effects of climate change; or

the restoration or planting within the coastal zone of mangroves, littoral forest or other vegetation that is necessary or expedient for coastal administration;

for the Board to carry on any construction, improvement or extension, or any demolition and replacement, of any structure or installation that is part of the stormwater drainage systems, drains and drainage reserves within the meaning of the Sewerage, Drainage and Coastal Protection Act 1999;

for the acquisition by the Board of capital machinery or equipment required for or in connection with —

the start of operations of any structure or installation the construction, improvement or extension, or demolition and replacement, of which (as the case may be) was paid for with money from the Coastal and Flood Protection Fund; or

the operations of any structure or installation that is part of the stormwater drainage systems, drains and drainage reserves within the meaning of the Sewerage, Drainage and Coastal Protection Act 1999, the construction, improvement or extension, or demolition and replacement, of which was completed before, on or after 1 April 2020;

for the Board to carry on any associated design, investigative and engineering studies or survey preparatory to the undertaking of any activity, work or acquisition mentioned in paragraph (a), (b) or (c);

to pay any of the following which is incurred or payable (as the case may be) for the purposes of any activity or work in paragraph (a) or (b):

the costs incurred by the Collector of Land Revenue in the acquisition of any land under the Land Acquisition Act 1966; (ii)the compensation payable for the acquisition of any land under the Land Acquisition Act 1966;

to pay insurance premiums on capital equipment or other investments acquired, and land (including structures and installations) acquired and constructed, replaced, improved or extended using moneys of the Coastal and Flood Protection Fund;

for the Board to undertake (solely or in collaboration with other persons) scientific, engineering or other studies to develop plans or strategies to improve the resilience of the coastal zone to the impact of an uncertain climate future, including the impact of extreme weather events;

to pay all amounts relating to the sale, disposal or write-off of any investments paid for with money from the Coastal and Flood Protection Fund;

to invest in accordance with section 16;

to pay any expenses properly attributable to the setting up of the Coastal and Flood Protection Fund and the administration, management and investment of moneys in that Fund.