Commonwealth Numbered Acts

STATES GRANTS (SCHOOLS) ACT 1976 No. 35, 1976 - SECT 69

69. (1) Section 9 of the States Grants (Schools) Act 1973-1974*3* is amended-

   (a)  by inserting in sub-section (1), before the words '' States Grants 
        (Science Laboratories) Act 1971 '' the words ''States Grants (Science
        Laboratories) Act 1968 or under the'';

   (b)  by omitting from sub-section (2) the words '', during the period to
        which this Act applies,''; and

   (c)  by inserting after sub-section (2) the following sub-section:-

''(2A) The Minister shall not, after the period to which this Act applies,
authorize the payment of an amount to a State under this section unless the
Minister is satisfied that the amount will be applied for the purpose of
meeting commitments undertaken during, or before the commencement of, that
period.''.

(2) Section 58 of the States Grants (Schools) Act 1973-1974 is repealed and
the following sections are substituted:- Payments to be made out of
Consolidated Revenue Fund or Loan Fund.
''58. Payments to a State under this Act may be made out of-

   (a)  in the case of payments under section 4, 7, 9, 17, 20, 22, 26, 29, 35
        or 47, and advances under section 57 on account of payments of that
        kind-the Consolidated Revenue Fund or the Loan Fund; or

   (b)  in any other case-the Consolidated Revenue Fund. Authority to borrow.
''58A. The Treasurer may, from time to time, in accordance with the provisions
of the Commonwealth Inscribed Stock Act 1911-1973, or in accordance with the
provisions of an Act authorizing the issue of Treasury Bills, borrow moneys
not exceeding in the aggregate the sum of the amounts that have been paid
since 30 June 1975, or that may become payable, to the States under sections
4, 7, 9, 17, 20, 22, 26, 29, 35 and 47. Application of moneys borrowed.
''58B. Moneys borrowed under section 58A shall be issued and applied only for
the expenses of borrowing and-

   (a)  for the purpose of making payments to the States under section 4, 7,
        9, 17, 20, 22, 26, 29, 35 or 47;

   (b)  for the purpose of making advances under section 57 on account of
        payments of that kind; and

   (c)  for the purpose of making payments to the Consolidated Revenue Fund in
        accordance with section 58C. Reimbursement of Consolidated Revenue
        Fund from Loan Fund.
''58C. (1) Where a payment under section 4, 7, 9, 17, 20, 22, 26, 29, 35 or
47, or an advance under section 57 on account of a payment of that kind, has,
after 30 June 1975, been made out of the Consolidated Revenue Fund, the
Treasurer may authorize the payment to the Consolidated Revenue Fund, out of
the Loan Fund, of an amount not exceeding the amount so paid.

''(2) In any statement of the receipts and expenditure, or of the expenditure,
of the Consolidated Revenue Fund prepared by the Treasurer under section 49 or
50 of the Audit Act 1901-1975, amounts paid to the Consolidated Revenue Fund
under sub-section (1) of this section shall not be shown as receipts of that
Fund but shall be shown as having reduced the total of the amounts expended
from that Fund under this Act. Appropriation.
''58D. The Consolidated Revenue Fund and the Loan Fund are appropriated as
necessary for the purposes of this Act.''.

(3) The States Grants (Schools) Act 1973-1974, as amended by sub-section (1)
and (2), may be cited as the States Grants (Schools) Act 1973-1976.