44Payment of financial contributions

#### 44 Payment of financial contributions 44 Payment of financial contributions > > (1) Payments of financial contributions are to be made to a relevant local authority or other body designated by the Minister. > > > (2) The amount of any financial contribution that is not paid by the due date may be recovered as a debt by the local authority or other body to which it is required to be paid from the person liable to pay it (together with interest on that amount since the due date at the rate at which interest accrues on unpaid judgements of the Supreme Court). > > > (3) The Minister may, as a condition of the granting of an application for authorisation under this Act, require the applicant to secure the payment of a financial contribution (by bank guarantee or otherwise) when it becomes due. > > > (4) The Minister may, in accordance with any relevant provisions of the contribution plan, waive payment of a financial contribution if the person liable to pay it provides materials or services of equal value for the purposes for which the relevant transport infrastructure expenditure is to be incurred.