States Grants (Advanced Education) Act 1976
22Reimbursement of Consolidated Revenue Fund from Loan Fund
Start here
Get a plain-English read of 22
Turn the raw legal text into a practical explanation grounded in States Grants (Advanced Education) Act 1976.
22 Reimbursement of Consolidated Revenue Fund from Loan Fund
(1) Where an amount has been paid out of the Consolidated Revenue Fund in accordance with section 12 or 13, the Minister for Finance may authorize the payment to that Fund, out of the Loan Fund, of an amount not exceeding the amount so paid. (2) In any statement of the receipts and expenditure, or of the expenditure, of the Consolidated Revenue Fund prepared by the Minister for Finance under section 49 or 50 of the Audit Act 1901‑1975, amounts paid to the Consolidated Revenue Fund under subsection (1) of this section shall not be shown as receipts of that Fund but shall be shown as having reduced the total of the amounts expended from that Fund under this Act.