186Grant to a State or Territory—education infrastructure etc.

186 Grant to a State or Territory—education infrastructure etc.

Scope (1) This section applies if an amount is to be debited from the EIF Education Portfolio Special Account for the purpose of making a grant of financial assistance to a State or Territory. Terms and conditions (2) The terms and conditions on which that financial assistance is granted are to be set out in a written agreement between the Commonwealth and the State or Territory. (3) An agreement under subsection (2) may be entered into by the Education Minister on behalf of the Commonwealth.