54Corporation’s request for a payment for itself

54 Corporation’s request for a payment for itself

(1) The Corporation may request a payment by the Commonwealth of a specified amount: (a) to meet liabilities or expenses of the Corporation: (i) that are already due; or (ii) that will, or that are expected to, become due during the period specified in the request; or (b) so that the total balance of the Corporation’s bank account or accounts is at least the operating balance. (2) The Corporation’s request must: (a) be in writing; and (b) specify: (i) the liabilities or expenses the payment is to meet; or (ii) the amount by which the Corporation’s bank balance falls short of the operating balance; and (c) be in accordance with the agreement under section 56. (3) The Corporation must not request a payment under subsection (1) of an amount that would exceed the uncommitted balance of the Account at the time the request is made.