47Project Funds

47 Project Funds

(1) The Authority may establish and keep one or more Project Funds for the purposes of, or one or more, or parts of one or more, Suburban Rail Loop projects.

(2) There must be paid into a Project Fund—

(a) all money received by the Authority, or on its behalf, in respect of, or in connection with, the carrying out of its functions, powers or duties under this Act or any other Act relating to a Suburban Rail Loop project; and

(b) all income from the investment of money in a Project Fund and the proceeds of sale of any investment; and

(c) any money directed or approved by the Minister or Treasurer to be paid into a Project Fund; and

(d) all other money that the Authority receives for payment, or is permitted to be paid, into a Project Fund.

(3) The Authority may pay money out of a Project Fund—

(a) to pay any amounts payable by the Authority in respect of its functions, powers or duties under this Act or any other Act relating to a Suburban Rail Loop project; and

(b) to pay any costs and expenses incurred by the Authority in relation to its functions, powers or duties under this Act or any other Act relating to a Suburban Rail Loop project; and

(c) to repay any amount borrowed by the Authority under this Act for any purpose relating to a Suburban Rail Loop project together with any charges or interest on that amount; and

(d) to pay any amount directed by the Treasurer under section 50; and

(e) to pay any amount directed or approved by the Minister or the Treasurer to be paid into another Project Fund; and

(f) for any other purpose authorised under this Act or any other Act.