Commonwealth Numbered Acts

STATES GRANTS (SCHOOLS) ACT 1976 No. 35, 1976 - SECT 68

68. (1) Section 8 of the States Grants (Schools) Act 1972-1974*2* is amended-

(a) by omitting from sub-section (2) the words ''this Act'' and
substituting the words ''this Part''; and

   (b)  by omitting sub-section (6).

(2) Paragraph (1) (b) shall be deemed to have come into operation on 19
December 1973.

(3) Section 9 of the States Grants (Schools) Act 1972-1974 is amended-

   (a)  by omitting from sub-paragraph (i) of paragraph (b) of sub-section (2)
the words ''not later than six months after the date of the payment'' and
substituting the words ''within a period of 6 months after the date of the
payment or within such further period as the Minister allows'';

   (b)  by omitting from sub-paragraph (i) of paragraph (b) of sub-section (2)
        the word ''and'';

   (c)  by omitting from sub-paragraph (ii) of paragraph (b) of sub-section
        (2) the words ''not later than nine months after the date of
        completion of that building project'' and substituting the words
        ''within a period of 3 months after the date of completion of that
        building project or within such further period as the Minister
        allows''; and

   (d)  by adding at the end of paragraph (b) of sub-section (2) the following
        word and sub-paragraph:-

''; and (iii) such other conditions (if any) as are specified in the approval
of that building project under sub-section (1) of section 7.''.

(4) Section 17 of the States Grants (Schools) Act 1972-1974 is repealed and
the following sections are substituted:- Payments to be made out of
Consolidated Revenue Fund or Loan Fund.
''17. Payments to a State under this Act may be made out of-

   (a)  in the case of payments under section 8, and advances under section 16
        on account of payments under section 8-the Consolidated Revenue Fund
        or the Loan Fund; or

   (b)  in any other case-the Consolidated Revenue Fund. Authority to borrow.
''17A. The Treasurer may, from time to time, in accordance with the provisions
of the Commonwealth Inscribed Stock Act 1911-1973, or in accordance with the
provisions of an Act authorizing the issue of Treasury Bills, borrow moneys
not exceeding in the aggregate the sum of the amounts that have been paid
since 30 June 1975, or that may become payable, to the States under section 8.
Application of moneys borrowed.
''17B. Moneys borrowed under section 17A shall be issued and applied only for
the expenses of borrowing and-

   (a)  for the purpose of making payments to the States under section 8;

   (b)  for the purpose of making advances under section 16 on account of
        payments under section 8; and

   (c)  for the purpose of making payments to the Consolidated Revenue Fund in
        accordance with section 17C. Reimbursement of Consolidated Revenue
        Fund from Loan Fund.
''17C. (1) Where a payment under section 8, or an advance under section 16 on
account of a payment under section 8, has, after 30 June 1975, been made out
of the Consolidated Revenue Fund, the Treasurer may authorize the payment to
the Consolidated Revenue Fund, out of the Loan Fund, of an amount not
exceeding the amount so paid.

''(2) In any statement of the receipts and expenditure, or of the expenditure,
of the Consolidated Revenue Fund prepared by the Treasurer under section 49 or
50 of the Audit Act 1901-1975, amounts paid to the Consolidated Revenue Fund
under sub-section (1) of this section shall not be shown as receipts of that
Fund but shall be shown as having reduced the total of the amounts expended
from that Fund under this Act. Appropriation.
''17D. The Consolidated Revenue Fund and the Loan Fund are appropriated as
necessary for the purposes of this Act.''.

(5) The States Grants (Schools) Act 1972-1974, as amended by sub-sections (1),
(3) and (4), may be cited as the States Grants (Schools) Act 1972-1976.