66Establishment of Housing Reserve Fund

#### 66 Establishment of Housing Reserve Fund 66 Establishment of Housing Reserve Fund (cf Act No 15, 1993, s 13A) > > (1) The Corporation is to establish a Housing Reserve Fund. > > > (2) The following amounts must be paid into the Housing Reserve Fund— > > > > > (a) contributions to the Home Purchase Assistance Fund, > > > > > (b) money that is appropriated by Parliament for the purposes of the Fund, > > > > > (c) money that is authorised or required, by or under this or any other Act or law, to be paid into the Fund, > > > > > (d) interest and any other amounts from time to time accruing from the investment of the Fund. > > > (3) Money may be paid out of the Housing Reserve Fund only for any of the following purposes— > > > > > (a) contributing to the funding of any mortgage and rent relief program conducted by the State in accordance with any relevant Commonwealth State agreement, > > > > > (b) contributing to the funding of rental housing and home purchase assistance programs in accordance with the State’s obligations to provide matching funds under any relevant Commonwealth State agreement, > > > > > (c) contributing to the funding of any other housing program conducted or approved by the Minister, including any program for the restructuring of a HomeFund scheme.