SCHOOL EDUCATION ACT 1999 - SECT 112

SCHOOL EDUCATION ACT 1999 - SECT 112

112 .         Money to be credited to General Purposes Fund etc.

        (1)         There are to be credited to the General Purposes Fund of a school —

            (a)         moneys from time to time allocated to the school from funds appropriated by Parliament; and

            (b)         grants and advances to the school from government and private sources; and

            (c)         charges, contributions and costs collected for the purposes of the school and any fees that, in accordance with regulations, are to be payable to the principal of the school; and

            (d)         moneys payable to the school under section 220 or 221; and

            (e)         the proceeds of any investment of the General Purposes Fund under section 115; and

            (f)         subject to subsection (2), other moneys properly receivable for the purposes of the school.

        (2)         There are to be credited to a fund established for a school under section 110 —

            (a)         donations and bequests to the school for the purpose for which the fund was established; and

            (b)         the proceeds of any investment of the fund under section 115.