40BGrants for capital projects in relation to rural student hostels

40B Grants for capital projects in relation to rural student hostels

(1) Subject to subsection (2), the Minister may, by written determination, authorise the payment to the States under this section, by way of financial assistance in relation to a program year and capital projects approved under section 40A in relation to the year, of an amount not exceeding the amount (if any) set out in Schedule 17 that relates to the year. (2) The Minister must not authorise a payment to a State in relation to a program year and a capital project in relation to a rural student hostel that is, or will be, conducted by or on behalf of the State unless the State has entered into an agreement (of a kind determined by the Minister) with the Commonwealth in relation to the program year, or in relation to a number of program years including that year, being an agreement that sets out conditions on which financial assistance is granted to the State under this section.