91Establishment and purpose of REZ Community Energy Fund

91 Establishment and purpose of REZ Community Energy Fund (1) VicGrid must establish and maintain a fund to be called the REZ Community Energy Fund. (2) The purposes of the REZ Community Energy Fund are— (a) to, through the payment of grants of money from the Fund, improve the reliability, efficiency or affordability of electricity supplied to the Victorian community; and (b) to support, through the payment of grants of money from the Fund, Victorian regional economic development projects that will— (i) assist in Victoria's transition to having an electricity system operating in Victoria in respect of which net zero greenhouse gas emissions are attributable to the electricity system's operation; or (ii) allow regional areas of Victoria to benefit from the transition referred to in subparagraph (i); and (c) to, through the payment of grants of money from the Fund, support biodiversity outcomes in Victoria, including support for the implementation of biodiversity programs, and the carrying out of biodiversity research, in Victoria. ***electricity system*** means an interconnected transmission and distribution system used to convey and control the conveyance of electricity to which are connected— (a) generating systems and other facilities; and (b) loads. S. 92 inserted by No. 38/2025 s. 50.