19Expenditure by State from its own resources

19 Expenditure by State from its own resources

(1) In this section, quota, in relation to a State, means the amount applicable to the State in accordance with Schedule 5. (2) Where the quota applicable to a State exceeds the amount, or the aggregate of the amounts, that the State has, during the year to which this Act applies, from its own resources, expended, or set aside for expenditure, on road works, the State shall pay to the Commonwealth an amount equal to the excess, or such lesser amount as the Minister for Finance determines. (3) For the purposes of this section, an amount set aside for expenditure during the year to which this Act applies shall not be taken into account as an amount so set aside unless it is expended during a period of 6 months next following the expiration of that year. (4) For the purposes of this section: (a) where a State has received, or is entitled to receive, financial assistance under the Transport Planning and Research (Financial Assistance) Act 1977 in relation to moneys expended by the State on road planning or research, the State shall be deemed to have, from its own resources, expended on road works an amount equal to the amount by which the moneys so expended exceed the amount of that financial assistance; and (b) moneys expended by a State from its own resources in meeting the costs of operating any of the following works or equipment, being works or equipment associated with a road, shall be deemed to have been expended on road works: (i) opening‑span bridges; (ii) tunnels; (iii) vehicular ferries; (iv) traffic control systems. (5) Subject to subsection (6), a State may, for the purposes of this section, treat: (a) moneys expended by the State in the year to which this Act applies directly in connection with the provision or maintenance of roads in the State, not being moneys expended on particular road works; or (b) moneys expended, or set aside for expenditure, by the State, in the year to which this Act applies, in payment of interest on moneys borrowed by the State and expended by the State on road works; as having been expended in that year by the State on road works carried out by the State in that year. (6) Moneys treated as having been expended on road works in a year by virtue of subsection (5) shall not include: (a) any moneys treated, by virtue of section 26, as having been expended in that year on an approved project; or (b) moneys expended during a period of 6 months commencing on 1 July 1980 that have been taken into account for the purposes of section 15 of the States Grants (Roads) Act 1977.