19Western Parkland City Fund

#### 19 Western Parkland City Fund 19 Western Parkland City Fund > > (1) There is to be established in the Special Deposits Account a Western Parkland City Fund (the Fund) into which the following is to be paid— > > > > > (a) money advanced to the Authority by the Treasurer or appropriated by Parliament for the purposes of the Authority, > > > > > (b) money directed or authorised to be paid into the Fund by or under this or any other Act, > > > > > (c) the proceeds of the investment of money in the Fund, > > > > > (d) money received by the Authority from any other source (including commercial returns from land dealings or from any funding scheme implemented by the Authority). > > > (2) There is to be paid from the Fund— > > > > > (a) all amounts required to meet expenditure incurred by the Authority, and > > > > > (b) all amounts required to be paid by the Authority in accordance with any funding scheme implemented by the Authority, and > > > > > (c) all other payments required by or under this or any other Act to be paid from the Fund. > > > (3) The Fund is to be administered by the Authority. > > > (4) The Authority may invest money in the Fund— > > > > > (a) if the Authority is a GSF agency for the purposes of Part 6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055)—in any way that the Authority is permitted to invest money under that Part, or > > > > > (b) if the Authority is not a GSF agency for the purposes of Part 6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055)—in any way approved by the Minister with the concurrence of the Treasurer. > > > (5) In any Act or statutory or other instrument, or in any contract or agreement, a reference to the Western City Fund is to be construed as a reference to the Western Parkland City Fund. > > **s 19:** Am 2018 No 53, sec 27; 2020 No 30, Sch 1.49\[5\]–\[7\].