(1) The Minister may, by an affirmative Resolution of Parliament, establish a special fund to collect money that must be used for a specific purpose.
(2) A Resolution under subsection (1) must state —
(a) the purpose of the special fund;
(b) the money to be paid into the special fund;
I the means of collecting money to be paid into the special fund;
(d) the source of the monies of the special fund;
I the accounting officer responsible for the administration of the special fund;
(f) the term for which the special fund should be maintained.
(3) Notwithstanding subsection (1), a fund established under an enactment prior to the commencement of this Act is to be treated as a special fund.
(4) A special fund established prior to the commencement of this Act is considered to be a special fund under this Act and the balance standing to the credit of each fund at the close of account on the coming into operation of this Act is considered to be held by the Government for the purposes specified in respect of each special fund.