39BRoads Fund

39B Roads Fund

(1) There must be established in the Public Account as part of the Trust Fund an account to be known as the Roads Fund.

(2) Subject to subsection (3), the Secretary, or the Head, Transport for Victoria, must pay into the Roads Fund all trading revenue, interest and other money received by or paid to the Secretary, or the Head, Transport for Victoria, that is required to be paid into the Roads Fund by or under any Act.

See also section 97 of the Road Safety Act 1986.

(3) The Treasurer or Minister administering Part 7 of the Financial Management Act 1994 may specify a class or classes of money that would otherwise be payable into the Roads Fund under subsection (2) as money that must not be paid into that Fund.

(4) There may be paid out of the Roads Fund—

(a) amounts for, or in connection with, the performance of the functions of the Secretary, or the functions of the Head, Transport for Victoria, relating to the road system, including amounts to be paid under agreements, leases or licences to which the Secretary or Head, Transport for Victoria, or another person on behalf of the Secretary or Head, Transport for Victoria, is a party relating to, or connected with, transport services; or

(b) amounts for other purposes as approved by the Treasurer or Minister administering Part 7 of the Financial Management Act 1994; or

(c) amounts required to be paid out by or under this Act or any other Act.

S. 39C inserted by No. 49/2019 s. 11.