State Funding ContributionsState Funding Contributions

State Funding Contributions

4(15) The amounts of State funding contributions are to equal 48.95% of Base Funding to that State for each of the five years of the Agreement.

4(16) Funding contributions under this Agreement are to be provided by a State in each Grant Year in which Commonwealth Base Funding specified under subclauses 4(2) and 4(6) is paid. The State contribution shall be by way of interest free, non-repayable Grants and shall be separately identified in State Budget documents or otherwise identified as agreed between the Minister and State Minister.

4(17) State contributions in a year will not include:

(a) funds which have been used to match funding provided by the Commonwealth otherwise than under this Agreement;

(b) funds paid in accordance with subclause 4(16) in a previous year except where a State has exceeded the required contribution, that excess may be carried forward and regarded as eligible State contribution in the following year;

(c) proceeds derived from the sale of housing and land, and other assets acquired under Previous Housing Arrangements and under this Agreement; and

(d) any assets covered by this Agreement or any income earned from the use of those assets;

States are not to include funds obtained and used in accordance with subclause 4(19) as part of the funding contributions made under subclause 4(15).