Commonwealth Numbered Acts

STATES GRANTS (TECHNICAL AND FURTHER EDUCATION) AMENDMENT ACT 1976 No. 17, 1976 - SECT 12

12. Section 29 of the Principal Act is repealed and the following sections
substituted:- Payments to States.
''29. (1) Payments to a State of amounts authorized to be paid under section 
6 , 8 or 10 or of advances on account of amounts that are expected to be so
authorized may be made out of the Consolidated Revenue Fund or the Loan Fund.

''(2) Payments to a State for the purposes of this Act, other than payments
referred to in sub-section (1), shall be made out of the Consolidated Revenue
Fund. Authority to borrow.
''29A. 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 amount of the payments referred to in
sub-section 29 (1). Application of moneys borrowed.
''29B. Moneys borrowed under section 29A shall be issued and applied only for
the expenses of borrowing and for the purpose of making payments to the
Consolidated Revenue Fund in accordance with section 29C. Reimbursement of
Consolidated Revenue Fund.
''29C. (1) Where an amount has been paid out of the Consolidated Revenue Fund
under sub-section 29 (1), the Treasurer may authorize the payment to that
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
section 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.
''29D. The Consolidated Revenue Fund and the Loan Fund are appropriated as
necessary for the purposes of this Act.''.