SECTION 407

(1) Investment expenditure shall be that earmarked for the construction of facilities, buildings and infrastructure, as well as the procurement of the materials needed for such works in the economic, social, health, educational, cultural and sports domains. (2) As such, investment expenditure shall contribute notably to: • the construction and equipping of markets, parks and slaughterhouses; • the improvement of the quality of the environment, access to drinking water supply and the management of natural resources; • the implementation of development operations; • the creation of council roads as well as the rehabilitation divisional and regional roads; • development of public lighting and the electrification of needy areas; • the creation of unclassified roads; • the equipping of health facilities; • the construction of sports and educational facilities at the regional or local level; • the procurement of equipment for the improvement of local basic services; • the implementation of investment programmes and projects adopted by the deliberative organ. (3) Investment expenditure shall have an impact on the assets of the local authority.