New South Wales Consolidated Acts

REDFERN-WATERLOO AUTHORITY ACT 2004 - SECT 34

34 Redfern-Waterloo Fund

(1) There is to be established in the Special Deposits Account a Redfern-Waterloo Fund (the "Fund") into which is to be paid:

(a) all money advanced to the Authority by the Treasurer or appropriated by Parliament for the purposes of the Authority, and

(b) all money directed or authorised to be paid into the Fund by or under this or any other Act, and

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

(d) all money received by the Authority from any other source.

(2) The Fund is to be applied for the purpose of enabling the Authority to exercise its functions.

(3) All expenditure incurred by the Authority is to be paid from the Fund.