12Money paid by State to person for expenditure with respect to capital costs

12 Money paid by State to person for expenditure with respect to capital costs

Moneys paid by a participating State or a local governing body to an authority, organisation or person to be expended by that authority, organisation or person for the purpose of meeting, in whole or in part, the approved capital cost of an approved project shall, for the purposes of this Part, be deemed to have been expended by the State or the local governing body for that purpose.