36Commonwealth funding for Transport Development and Innovation Projects

36 Commonwealth funding for Transport Development and Innovation Projects

(1) Commonwealth funding for a Transport Development and Innovation Project may be provided to the approved funding recipient: (a) in accordance with section 37; or (b) if the project approval instrument for the project states that the approval is conditional on a funding agreement being entered into—in accordance with a funding agreement, entered into with the approved funding recipient, that satisfies the requirements of section 34. (2) The payments of funding are to be made out of money appropriated by the Parliament.