21Building projects

21 Building projects

(1) In relation to each building project specified, in relation to a college of advanced education, in Column 2 of Part IV of Schedule 7, there is payable to the State in which the college 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 State as an approved minor building project of a college of advanced education in respect of the year 1982, and, if it approves such a project, 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 a minor building project of a college of advanced education under subsection (2), there is payable to the State in which the college 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 minor building projects of colleges of advanced education situated in the State shall not exceed the amount specified in Column 2 of Part V of Schedule 7 in relation to the State. (5) The Commission may revoke or vary an approval given by it under subsection (2) 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 (including this section), the amount as so varied shall be deemed to have been, as from the date on which the project was approved under subsection (2), the amount of the approved expenditure on the project in respect of the year 1982. (6) Where the amount expended in relation to work carried out before 1 January 1982 in connection with a building project that is specified in relation to a college of advanced education in Column 2 of Part IV of Schedule 7B to the States Grants (Tertiary Education Assistance) Act 1978 exceeds the sum of the amounts paid to the State in which the college of advanced education is situated in relation to the project under that Act or under any previous Act that granted financial assistance to the States in relation to colleges of advanced education, the Minister may, if an amount is specified in Part IV of Schedule 7 to this Act in relation to that project, at the request of the State made to him not later than 30 September 1982, direct that an amount specified in the direction, being an amount that does not exceed the amount of the excess, shall be treated as if it had been expended in relation to work carried out in connection with the project in the year 1982 and, where the Minister gives such a direction, then, for the purposes of this Act, that amount shall be treated as if it had been so expended in the year 1982.