Act 16 Land Act 1998 (8) For purposes of subsection (7) of this section, "controlling interest" means( a) in the case of companies with shares, the majority shares are held by persons who are not citizens; and (b) in the case of companies without shares, a company in which decisions are arrived at by the majority who are not citizens. Land Fund. 42. ( 1) There shall be a Fund to be known as the Land Fund. (2) Subject to the provisions of this section, the Land Fund shall be managed by the Commission. (3) The monies to form part of the Land Fund shall be derived from the following sources( a) monies appropriated by Parliament; ( b) loans obtained by Government; ( c) grants from any donors; ( d) any monies paid into the Fund under this Act; ( e) any other source approved by the Minister in writing in consultation with the Minister responsible for finance. (4) The Fund shall be utilised as follows( a) to give loans to tenants by occupancy to enable them to acquire registrable interests pursuant to paragraph (b) of clause (9) of article 237 of the Constitution; ( b) by Government to purchase or acquire registered land to enable tenants by occupancy to acquire registrable interests pursuant to the Constitution; ( c) to resettle persons who have been rendered landless by Government action, natural disaster or any other cause; (d) to assist other persons to acquire titles. 50

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