The Dormant Accounts Act 2001, together with the Unclaimed Life Assurance Policies Act 2003 and the Dormant Accounts (Amendment) Acts 2005-2012, provides a framework for the administration of unclaimed accounts in credit institutions and unclaimed life assurance policies in insurance undertakings. Under the legislation, a scheme was introduced to allow money in the Dormant Accounts Fund to be used by Government to fund programmes or projects which would assist the personal and social development of persons who are economically or socially disadvantaged, the educational development of persons who are educationally disadvantaged, or persons with a disability.