The Ministry of Works is less keen, because of the stricter financial discipline it imposes. Setting up a New Road Fund . When setting up a road fund, it is important to ensure that it has a firm legal basis. The legislative instrument opening the road fund should be supported by published financial regulations or procedures. These may either be published as legal regulations in the government Gazette, or published by the road fund board .
Road funds come in all shapes and sizes.
Some only finance main roads, some finance provincial roads, some finance urban roads, while others finance all roads, including the unclassified road network. The organization should be managed by an Executive Secretary appointed by the board who should, in turn, appoint the staff. The road fund need not employ more than about 10-30 staff trained in planning and finance. The oldest road fund is the one in South Africa which was established in 1935. It has had its ups and downs and will be fully re-instated with a fuel levy as of March 1998.