Section 38, The Government Budgeting and Accountability Act, 2005

(1) Parliament may authorise the Minister to provide for,acquire by agreement, or purchase all or part of the equity capital of any company or other organisation on grounds of public policy from (2) The Minister shall, when annual estimates are being submitted for approval by Parliament, include for approval a schedule of the equity investments to be made or sold or otherwise disposed of during the year. (3) The amounts issued for provision, acquisition or purchase of equity investments from the Consolidated Fund shall each be shown in the public accounts as an asset of the Consolidated Fund until the asset has been sold or otherwise disposed of by authority of Parliament. (4) Any profits and dividends or proceeds of sales arising from any equity investments shall, subject to the regulations relating to the right of such investments, be paid into the Consolidated Fund. (5) A detailed statement of Government’s equity investments shall be reported annually in the annual statement of public accounts.