26Project funds

26 Project funds (1) With the written approval of the Treasurer, Homes Victoria may establish and keep one or more project funds for the purposes of a Homes Victoria development project. (2) There may be paid into a project fund— (a) all money received by Homes Victoria, or on its behalf, in respect of, or in connection with, the carrying out of its functions under this Act or any other Act relating to a Homes Victoria development project; and (b) all income from the investment of money in a project fund and the proceeds of sale of any investment; and (c) any money directed or approved by the Minister or the Treasurer to be paid into a project fund; and (d) all other money that Homes Victoria receives for payment, or is permitted to be paid, into a project fund. (3) Homes Victoria may pay money out of a project fund— (a) to pay any amounts payable by Homes Victoria in respect of Homes Victoria's functions under this Act or any other Act relating to a Homes Victoria development project; and (b) to pay any costs and expenses incurred by Homes Victoria in relation to its functions under this Act or any other Act relating to a Homes Victoria development project; and (c) to repay any amount borrowed by Homes Victoria under this Act for any purpose relating to a Homes Victoria development project together with any charges or interest on that amount; and (d) to pay any amount to be paid into another project fund on the written approval of the Treasurer; and (e) for any other purpose authorised by or under this Act or any other Act. S. 26A (Heading) inserted by No. 40/2022 s. 23(1). S. 26A inserted by No. 26/1987 s. 8.