37AFunding of grants and loans under this Part

37A Funding of grants and loans under this Part

[Section 37A Inserted by No. 13 of 2024, s. 6, Applied:05 Sep 2024]

(1)  A grant or loan of money under this Part may be paid from –

(a) money appropriated by Parliament for the purpose; or

(b) the funds of TDR, as determined by the Treasurer.

(2)  For the avoidance of doubt, the funding of a grant or loan under this Part is a purpose for which TDR may borrow money under section 24 .

(3)  A grant or loan that was granted or made, under this Part, before the commencement of the Tasmanian Development Amendment Act 2024 is not invalid solely on the basis that it was paid from –

(a) the funds of TDR; or

(b) money appropriated by Parliament for the purpose.