CTHRepealedAct
Nation-building Funds Act 2008
190Channelling of payments through the EIF Research Portfolio Special Account
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#### 190 Channelling of payments through the EIF Research Portfolio Special Account
(1) The Finance Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Education Investment Fund Special Account; and
(b) credited to the EIF Research Portfolio Special Account;
on a specified day.
(2) The direction must be expressed to be given in order to enable the specified amount to be debited from the EIF Research Portfolio Special Account:
(a) for the purpose of making a specified payment in relation to the creation or development of research infrastructure; or
(b) for the purpose of making a specified transitional HEEF payment.
(3) Paragraphs (2)(a) and (b) do not limit each other.
(4) 2 or more directions under subsection (1) may be set out in the same document.
(5) A direction under subsection (1) is not a legislative instrument.
(6) The Finance Minister must give a copy of a direction under subsection (1) to the Research Minister.