Commonwealth Numbered Acts

URBAN AND REGIONAL DEVELOPMENT (FINANCIAL ASSISTANCE) ACT 1974 No. 135, 1974 - SECT 9

9. (1) Financial assistance provided to the States under this Act in respect
of expenditure incurred during the financial year ending on 30 June 1975 in
accordance with programs relating to a matter specified in an item in the
Schedule shall not exceed in the aggregate the amount specified in that item.

(2) Financial assistance to which sub-section (1) applies shall be provided
out of the Consolidated Revenue Fund or the Loan Fund.

(3) The Treasurer may, 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 $258,398,000.

(4) Moneys borrowed under sub-section (3) shall be issued and applied only for
the expenses of borrowing, for the purpose of providing financial assistance
to the States in accordance with this section and for the purposes of making
payments to the Consolidated Revenue Fund in accordance with sub-section (5).

(5) Where an amount has been paid out of the Consolidated Revenue Fund under
this section, the Treasurer may authorize the payment to that Fund, out of the
Loan Fund, of an amount not exceeding the amount so paid.

(6) 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 1901-1973, amounts paid to the Consolidated Revenue Fund
under sub-section (5) 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.

(7) Where there has been a payment from the Loan Fund to the Consolidated
Revenue Fund under sub-section (5) in respect of an amount paid out of the
Consolidated Revenue Fund under this section, the amount so paid out of the
Consolidated Revenue Fund shall, for the purposes of sections 9 and 10 of the
National Debt Sinking Fund Act 1966-1967, be deemed to have been paid out of
the Loan Fund.

(8) The Consolidated Revenue Fund and the Loan Fund are appropriated as
necessary for the purposes of this section.