New South Wales Consolidated Acts

PROTECTION OF THE ENVIRONMENT OPERATIONS ACT 1997 - SECT 295ZA

295ZA Environmental Monitoring Fund

(1) There is to be established in the Special Deposits Account an account called the Environmental Monitoring Fund (the "Fund").

(2) Money in the Fund is under the control of the EPA and can be expended by the EPA only for the purposes authorised by this section.

(3) The following are to be paid into the Fund:

(a) any environmental monitoring levy paid by a licence holder,

(b) money advanced by the Treasurer for payment into the Fund,

(c) the proceeds of investment of money in the Fund,

(d) any gift or bequest of money for the purposes of the Fund,

(e) any other money appropriated by Parliament for the purposes of the Fund or required by law to be paid into the Fund.

(4) The following are to be paid out of the Fund:

(a) the costs of environmental monitoring programs,

(b) such other costs relating to environmental monitoring programs as the EPA directs to be paid out of the Fund,

(c) the refund, in accordance with the regulations, of an environmental monitoring levy paid by a licence holder.

(5) A separate account is to be established in the Fund for each environmental monitoring program.

(6) The money in the Fund may be invested:

(a) in the manner authorised by the Public Authorities (Financial Arrangements) Act 1987 , or

(b) if that Act does not confer power on the EPA to invest the money, in any other manner approved by the Treasurer.