CTHRepealedAct
Nation-building Funds Act 2008
182Purposes of the EIF Education Portfolio Special Account
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#### 182 Purposes of the EIF Education Portfolio Special Account
(1) Each of the following is a purpose of the EIF Education Portfolio Special Account:
(a) making payments in relation to the creation or development of higher education infrastructure, so long as the payments are specified under subsection 183(2);
(b) making payments in relation to the creation or development of vocational education and training infrastructure, so long as the payments are specified under subsection 183(2);
(c) making payments in relation to the creation or development of eligible education infrastructure, so long as the payments are specified under subsection 183(2);
(d) making transitional HEEF payments, so long as the payments are specified under subsection 183(2).
> Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).
(2) Paragraphs (1)(a), (b), (c) and (d) do not limit each other.
(3) A payment under paragraph (1)(a), (b), (c) or (d) may be made:
(a) by way of a grant of financial assistance; or
(b) otherwise than by way of a grant of financial assistance.