Education (Capital Assistance) Act 1993
sec.8Funding of CAAs for administrative costs
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sec.8 Funding of CAAs for administrative costs
The Minister may pay amounts to a CAA on account of the administrative costs expected to be incurred by the CAA in performing its functions under this Act. The amounts are to be paid from the amounts appropriated by the Parliament for the purposes of this Act. The CAA may pay the administrative costs out of the amounts. Interest earned by a CAA on amounts paid under subsection (1) (including any interest on that interest) may only be used by the CAA— to pay the administrative costs; or to provide capital assistance. (sec.8-ssec.1) The Minister may pay amounts to a CAA on account of the administrative costs expected to be incurred by the CAA in performing its functions under this Act. (sec.8-ssec.2) The amounts are to be paid from the amounts appropriated by the Parliament for the purposes of this Act. (sec.8-ssec.3) The CAA may pay the administrative costs out of the amounts. (sec.8-ssec.4) Interest earned by a CAA on amounts paid under subsection (1) (including any interest on that interest) may only be used by the CAA— to pay the administrative costs; or to provide capital assistance.
- (a) to pay the administrative costs; or
- (b) to provide capital assistance.