25Grants for minor building projects of non‑government teachers colleges

25 Grants for minor building projects of non‑government teachers colleges

(1) The Commission may approve a minor building project submitted to it by a State as an approved minor building project of a non‑government teachers college situated in that State in respect of a year to which this section applies, 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 that year. (2) Subject to subsection (3), where the Commission approves a minor building project of a non‑government teachers college under subsection (1), 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 a year to which this section applies, an amount equal to the amount of the approved expenditure on the project in respect of that year. (3) The total of the amounts payable to the States under subsection (2) in relation to minor building projects of non‑government teachers colleges in respect of a year to which this section applies shall not exceed:

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

(b) in the case of the year 1983—$44,000; or

(c) in the case of the year 1984—$45,000.

(4) The Commission may revoke or vary an approval given by it under subsection (1) and, if it varies the amount of the approved expenditure on a project in respect of a year to which this section applies, 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 (1), the amount of the approved expenditure on the project in respect of that year. (5) Financial assistance is granted to a State under subsection (2) in relation to a minor building project of 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 in relation to the project;

(b) the State will not make a payment to the approved authority of the college under this section in relation to the project unless the approved authority, before or at the time of accepting the first payment under this section, 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 in relation to work carried out before 1 January next following the end of that year in connection with the project is not less than the sum of the amounts of financial assistance paid to the approved authority under this section in relation to the project in respect of that year;