(1) For the purposes of this Part, “Minister” refers to the Minister responsible for finance.
(2) From the commencement of this Act, the areas specified in Schedule 4 are higher education development areas.
(3) The town of Vieux Fort and its environs is declared to be a university town.
(4) An approved higher education developer is entitled to incentives with respect to the projects specified in Schedule 5.
(5) A person who constructs dormitories or homes for rent or lease to students of an offshore higher education institution may apply for incentives as specified in Schedule 6.
(6) The Minister may by Order —
(a) prescribe a development period in respect of any higher education development area;
(b) amend Schedule 4 by increasing or decreasing the number of higher education development areas or university towns;
(c) prescribe the boundaries of any higher education development area or university town;
(d) amend Schedule 5 by adding or deleting, specified activities;
(e) prescribe that within a higher education development area or university town only a specified activity will qualify for incentives and exemptions; and
(f) amend Schedule 6 by adding or deleting specified incentives.