40Conditions attaching to building grants

40 Conditions attaching to building grants

(1) Financial assistance is granted to a State under section 13, 13A, 13B, 21, 21A, 21B, 34, 34A or 34B in relation to a building project of a tertiary education institution of the kind to which the section relates in respect of the year to which the section relates on the conditions that:

(a) in a case where the tertiary education institution is an institution other than a technical and further education institution—the State will pay each amount paid to it under that section to the tertiary education institution without undue delay;

(b) the State will ensure that the amount expended in relation to work carried out before 1 January next following the end of that year in connection with the project will be not less than the sum of the amounts paid to the State in relation to the project under this Act or under any previous Act that granted financial assistance to the States in relation to tertiary education institutions of that kind;

(c) the State will ensure that information in respect of the project is furnished to the Commission in accordance with any relevant direction under paragraph 4(1)(d);

(d) the State will ensure that the project will be carried out in accordance with the directions (if any) given by the Commission under subsection 4(5);

(e) the State will ensure that, if the Commission so requests, there will be furnished to the Commission, as soon as practicable after such date as the Commission specifies, such particulars as are specified by the Commission concerning the progress or expected progress of the work or matter constituting the project; and

(f) the State will cause to be furnished to the Commission, not later than 30 September next following the end of that year, a statement by a qualified auditor, in accordance with a form approved by the Commission, as to the amounts expended in respect of work carried out before 1 January next following the end of that year in connection with the approved project.

(2) In subsection (1), a reference to an approved building project of a tertiary education institution in respect of a particular year shall be read as a reference to:

(a) in a case where the tertiary education institution is a university and that year is 1982:

(i) a building project specified in Column 2 of Part I of Schedule 7 in relation to the university;

(ii) a project approved by the Commission under subsection 13(2) as an approved minor building project of the university in respect of that year; or

(iii) a design project of the university specified in Part III of Schedule 7;

(aa) in a case where the tertiary education institution is a university and that year is 1983:

(i) a building project specified in Column 2 of Part I of Schedule 7A in relation to the university;