35AState Energy Research and Development Fund

35A State Energy Research and Development Fund

35A State Energy Research and Development Fund

(1) There is to be established in the Special Deposits Account in the Treasury a State Energy Research and Development Fund.

(2) There is to be paid into the Fund—

(a) (Repealed)

(b) any money payable into the Fund by or under this or any other Act.

(3) There is to be paid out of the Fund such amounts as the Minister may direct for or with respect to—

(a) research concerning, and the development of, energy resources for the State,

(b) such other purposes as may be prescribed in connection with the supply and use of energy resources for the State, and related technological development.

(4) The regulations may make provision for and with respect to the application of the Fund.

(5) The Fund is, subject to this Act and the regulations, under the direction, control and management of the Corporation.

s 35A: Ins 1990 No 27, Sch 3. Am 1996 No 38, Sch 1.4 [2] [3].