New South Wales Consolidated Acts

CLEAN COAL ADMINISTRATION ACT 2008 - SECT 7

7 Payments out of Fund

(1) There is payable from the Fund:

(a) payments approved by the Minister for the purposes of the Fund, and

(b) administrative expenses incurred in relation to the Fund or the Council, and

(c) payments directed or authorised to be paid from the Fund by or under this or any other Act or law.

(2) Any money paid into the Fund on the condition that it is to be used only for a specified purpose, including any proceeds of the investment of that money in the Fund, is only payable from the Fund for the specified purpose and a proportionate share of the administrative expenses payable from the Fund.

(3) The Minister is to produce an annual report detailing fund allocations and the projects and other activities that received funding under this Act during the year.

(4) The annual report is to include an evaluation of the effectiveness of each of the projects and other activities that received funding under this Act.

(5) The annual report is to be tabled in each House of Parliament within 6 months after the end of the financial year to which it relates.

(6) The Minister is to publish each annual report, so as to promote clean coal technologies to the NSW public.