(1) For the purposes of section 7(e) the Board shall, within twelve months of the coming into force of this Act, prepare for the approval of the Minister a forest plantation development scheme to cover up to two hundred thousand hectares of land for a period of not less than ten years and not more than twenty-five years. [As amended by the Forest Plantation Development Fund (Amendment) Act, 2002 (Act 623), s.5]

(2) The Scheme shall be presented in a form determined by the Board and shall include-

(a) projection of relevant annual expenditure from the Fund and the basis for the projection;

(b) projection of revenues for the Fund from various sources and the activities required to attract additional contributions to the Fund;

(c) provision for the review of the scheme every five years; and

(d) provision for recovery of any outstanding disbursed credit.

(3) The Management Bank shall prepare an annual budget for each financial year in respect of a scheme approved by the Minister based on-

(a) applications that qualify for incentives from the Fund;

(b) previously approved commitments for use of the Fund; and

(c) on-going and new activities to meet the objects of the Fund.