HIGHER EDUCATION FUNDING ACT 1988 - SECT 27A Grants for special capital projects

HIGHER EDUCATION FUNDING ACT 1988 - SECT 27A

  (1)   The Minister may approve a proposal for expenditure as a proposal deserving financial assistance under this section in respect of a year to which this Chapter applies if:

  (a)   the proposal is for expenditure by an institution to which this section applies; and

  (b)   the proposal is for expenditure upon a capital project which, in the opinion of the Minister, is a special capital project within the meaning of guidelines issued under section   27.

  (2)   The Minister may give approval under subsection   ( 1) subject to conditions.

  (3)   If the Minister approves a proposal in respect of a year:

  (a)   the Minister must determine an amount as the estimated maximum Commonwealth contribution towards the project; and

  (b)   the Minister must determine an amount of approved expenditure on the project in respect of that year; and

  (c)   the amount of approved expenditure determined under paragraph   ( b) must not be greater than the amount determined as the estimated maximum Commonwealth contribution towards the project.

  (4)   Subject to subsections   ( 5) and (6), there is payable to an institution to which an approved proposal relates an amount equal to the amount of approved expenditure determined by the Minister for that year in relation to the proposal.

  (5)   If an amount has been determined under paragraph   ( 3)(a) as the estimated maximum Commonwealth contribution towards a special capital project of an institution, the total of the amounts payable to the institution in relation to that capital project under this Act must not exceed the estimated maximum Commonwealth contribution towards the project as determined, or last determined, under paragraph   ( 3)(a).

  (6)   The total of the amounts of approved expenditure approved by the Minister under subsection   ( 3) must not exceed:

  (a)   for the year 1994--$35,537,000; and

  (b)   for the year 1995--$36,328,000; and

  (c)   for the year 1996--$36,927,000; and

  (d)   for the year 1997--$37,556,000; and

  (e)   for the year 1998--$38,158,000; and

  (f)   for the year 1999--$38,751,000; and

  (g)   for the year 2000--$39,423,000; and

  (h)   for the year 2001--$40,275,000; and

  (i)   for the year 2002--$41,209,000; and

  (j)   for the year 2003--$49,489,000; and

  (k)   for the year 2004--$43,170,000.

  (7)   If the Minister approves a proposal for expenditure on a special capital project under subsection   ( 3), the Minister may direct that specified information be given to the Minister in respect of the project at such time and in such manner as is specified in the direction.

  (8)   In this section:

"maximum Commonwealth contribution" , in relation to a special capital project, means the proportion of the amount estimated by the Minister to be the total cost of the project that the Minister considers to be the appropriate Commonwealth contribution under this section towards the project.