SOUTHERN AFRICAN DEVELOPMENT COMMUNITY 3. Resources acquired by SADC by way of contributions, loans, grants or gifts, shall be the property of SADC. 4. The resources of SADC may be made available to Member States in pursuance of the objectives of this Treaty, on terms and conditions mutually agreed between SADC and the Member States involved. 5. Resources of SADC shall be utilised in the most efficient and equitable manner. ARTICLE 26 FUNDS The funds of SADC shall consist of contributions of Member States, income from SADC enterprises and receipts from regional and non-regional sources. ARTICLE 26A REGIONAL DEVELOPMENT FUND 1. There is hereby established a special fund of SADC to be known as the Regional Development Fund in which shall be accounted receipts and expenditure of SADC relating to the development of SADC. 2. The Regional Development Fund shall, subject to this Treaty, consist of contributions of Member States and receipts from regional and non-regional sources, including the private sector, civil society, non-governmental organisations and workers and employers organisations. 3. The Council shall determine the modalities for the institutionalization, operation and management of the Regional Development Fund. 4. The Regional Development Fund shall be governed in terms of financial regulations made in accordance with Article 30 of this Treaty. ARTICLE 27 ASSETS 1. Property, both movable and immovable, acquired by or on behalf of SADC shall constitute the assets of SADC, irrespective of their location. 2. Property acquired by Member States, under the auspices of SADC, shall belong to the Member States concerned, subject to provisions of paragraph 3 of this Article, and Articles 25 and 34 of this Treaty. 3. Assets acquired by Member States under the auspices of SADC shall be accessible to all Member States on an equitable basis. Consolidated text of the Treaty of the Southern African Development Community, as Amended - 20 -