(1) The Education Minister may, by writing, authorise a grant of financial assistance to an eligible higher education institution in relation to capital expenditure.
(2) The Education Minister may, by writing, authorise a grant of financial assistance to an eligible higher education institution in relation to a research facility.
(3) Subsection (1) does not limit subsection (2).
(4) Subsection (2) does not limit subsection (1).
(5) An instrument under subsection (1) or (2) is a legislative instrument, but section 42 (disallowance) of the Legislative Instruments Act 2003 does not apply to the instrument.