13Building projects

13 Building projects

(1) Subject to subsection (3), in relation to each building project specified, in relation to a university, in Column 2 of Part I of Schedule 7, there is payable to the State in which the university is situated, for the purpose of financial assistance in relation to the building project in respect of the year 1982, the amount specified in Column 4 of that Part of that Schedule in relation to the description of the project in Column 2. (2) The Commission may approve a minor building project submitted to it by a university as an approved minor building project of the university in respect of the year 1982 and, where it does so, it shall also approve an amount, being an amount equal to the estimated cost of the project, as the approved cost of the project and an amount as the amount of the approved expenditure on the project in respect of the year 1982. (3) Subject to subsection (4), where the Commission approves, under subsection (2), a minor building project of a university in respect of the year 1982, there is payable to the State in which the university is situated, for the purpose of financial assistance in relation to the project in respect of the year 1982, an amount equal to the amount of the approved expenditure on the project in respect of the year 1982. (4) The total of the amounts payable to a State under subsection (3), in relation to a university specified in Column 1 of Part II of Schedule 7, shall not exceed the amount specified in Column 2 of that Part of that Schedule in relation to the university. (5) The Commission may approve an amount as the amount of the approved expenditure in respect of the year 1982 on a design project of a university specified in Part III of Schedule 7. (6) Subject to subsection (7), where the Commission approves an amount as the amount of the approved expenditure, in respect of the year 1982, on a design project of a university specified in Part III of Schedule 7, there is payable to the State in which the university is situated, for the purpose of financial assistance in relation to the project in respect of the year 1982, an amount equal to the amount of that approved expenditure. (7) The total of the amounts payable to all the States under subsection (6) shall not exceed the amount set out in Part III of Schedule 7 as the total of the grants payable in respect of design projects specified in that Part. (8) The Commission may revoke or vary an approval given under subsection (2) or (5) and, if it varies the amount of the approved expenditure on a project in respect of the year 1982, then, for the purposes of this Act, the amount as so varied shall be deemed:

(a) in the case of a project approved under subsection (2)—as from the date on which the project was so approved; or

(b) in the case of a design project specified in Part III of Schedule 7—as from the date on which an approval was given under subsection (5) in respect of the project;