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Snowy Hydro Legacy Fund Act 2018
8Purpose of Snowy Hydro Legacy Fund
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8 Purpose of Snowy Hydro Legacy Fund
8 Purpose of Snowy Hydro Legacy Fund
(1) The purpose of the Fund is to improve economic development in regional New South Wales and, for that purpose, to fund infrastructure projects that primarily benefit regional New South Wales.
(2) It is the intention of Parliament that the total payments from the Fund for approved regional infrastructure projects will be equivalent to the value of the proceeds of the sale by the State of its interest in Snowy Hydro Limited to the Commonwealth.