24Grants for equipment for non‑government teachers colleges

24 Grants for equipment for non‑government teachers colleges

(1) A State may, from time to time, submit for the approval of the Commission proposals for expenditure by a non‑government teachers college on equipment for use by the college. (2) The Commission may approve a proposal submitted to it under subsection (1) in relation to a non‑government teachers college situated in that State as an approved proposal for expenditure by the college in respect of a year to which this section applies on equipment subject to such conditions as the Commission determines, and may revoke or vary any such approval. (3) Subject to subsection (4), in relation to each approved proposal for expenditure by a non‑government teachers college situated in a State for expenditure, in respect of a year to which this section applies, on equipment, there is payable to the State in which the college is situated, for the purpose of financial assistance in relation to expenditure incurred or to be incurred by the college or by the body administering the college in connection with the approved proposal, an amount equal to the amount of the proposed expenditure. (4) The sum of the amounts payable to the States under subsection (3) in respect of approved proposals for expenditure by non‑government teachers colleges in respect of a year to which this Act applies shall not exceed:

(a) in the case of the year 1982—$36,000;

(b) in the case of the year 1983—$75,000; or

(c) in the case of the year 1984—$92,000.

(5) Financial assistance is granted to a State under subsection (3) in relation to approved proposals for expenditure by a non‑government teachers college in respect of a year to which this section applies on the conditions that:

(a) subject to paragraph (b), the State will, without undue delay, pay to the approved authority of the college an amount equal to each amount paid to it under this section in relation to those approved proposals;

(b) the State will not make a payment to the approved authority of the college under this section in respect of an approved proposal for expenditure by the college unless the approved authority, before or at the time of accepting the first payment under this section in respect of the proposal, has agreed or agrees with the State to be bound by the following conditions:

(i) the approved authority will ensure that the sum of the amounts expended by the college in connection with those approved proposals for expenditure by the college in respect of that year, being amounts expended before 1 January next following the end of that year or expended on or after that date in respect of commitments entered into before that date, is not less than the sum of the amounts of financial assistance paid to the approved authority under this section in relation to those approved proposals;