FINANCIAL MANAGEMENT ACT 1996 - SECT 18D Capital works reserve—appropriation
FINANCIAL MANAGEMENT ACT 1996 - SECT 18D
Capital works reserve—appropriation(1) An Appropriation Act may make an appropriation for a capital works reserve.
(2) The amount appropriated for the capital works reserve for a financial year must not exceed 20% of the total amount appropriated for the capital works program by all Appropriation Acts for the financial year.
(3) If an amount is appropriated for a capital works reserve for a financial year and the amount is not fully disbursed by the end of the financial year, the undisbursed amount lapses and is not available to be disbursed in the following financial year.