19. Construction Industry Development Fund

all such sums of money as may be received by the

all such sums collected as the Construction Industry

more than fifty percentum (50%) of the fund shall be reserved for the well-being of the small scale contractors and self-employed registered craftsmen;

not less than five percentum (5%) of the fund shall be reserved for research and publications in the field related to construction industry;

not less than five percentum (5%) of the fund shall be reserved for the purpose of rewarding and encouraging the inventions, applications and propagation of environmentally friendly and cost efficient construction technologies;

such amount as determined by the Authority is required to arrange long term insurance with pension benefits, for craftsmen registered with the Authority who are not entitled to any other form of retirement benefits under any other law.

For the purposes of this section, the Minister to whom the subject of Construction is assigned shall impose a levy of cess to be called the “Construction Industry

The Minister shall by Order published in the Gazette specify, from time to time, the rate of cess as determined under paragraph (a) of this subsection. Any Order made under this paragraph shall come into operation on the day of such publication in the Gazette.

The Levy imposed under this section shall be collected by the Director-General of Construction Industry