New South Wales Consolidated Acts

CHIPPING NORTON LAKE AUTHORITY ACT 1977 - SECT 20

20 Account to be established

(1) The Authority shall cause to be established in the Special Deposits Account in the Treasury an account entitled the Chipping Norton Lake Authority Working Account to the credit of which shall be paid:

(a) money appropriated by Parliament for the purposes of this Act,

(b) money granted by the Parliament of the Commonwealth for the purposes of this Act,

(c) donations made to the Authority for the purposes of this Act,

(d) royalties and other money paid to the Authority under any agreement for the extraction of sand or other material within the development area,

(e) rent received by the Authority under any lease of land within the development area,

(f) the proceeds of the sale of any land by the Authority, and

(g) any other money received by the Authority.

(2) From the account established under subsection (1) shall be paid all money required for the execution of this Act and of any agreement entered into under this Act or in respect of which a notice has been served under section 24.

(3) On and from the day on which this subsection takes effect, the account established under subsection (1) shall be entitled the Chipping Norton Lake Authority Account.