Commonwealth Numbered Acts

STATES GRANTS (TERTIARY EDUCATION ASSISTANCE) AMENDMENT ACT 1980 No. 96, 1980 - SECT 14

14. After section 29B of the Principal Act the following section is inserted:
Additional grants in respect of cost increases for major building projects of
technical and further education institutions for 1980

"29C. (1) Where, by reason of increases in the cost of an approved building
project of a technical and further education institution, the expenditure on
the project in respect of the year 1980 exceeds, or appears to the Minister
likely to exceed, the amount of the approved expenditure on that project in
respect of that year, there is payable to the State in which the institution
is situated, f for the purpose of financial assistance in relation to the
project, in addition to the amount payable in respect of the project under
section 29B, such amount as the Minister determines for the purposes of this
section, not exceeding the amount of the excess or likely excess.



"(2) The total of the amounts payable to a State under sub-section (1) shall
not exceed the amount specified in Column 3 of Part IX of Schedule 7A opposite
to the name of the State in Column 1 of that Part.



"(3) Sub-section 29B (2) applies to a grant of financial assistance under this
section as if that grant were a grant of financial assistance under section
29B.



"(4) In this section-

   (a)  a reference to an approved building project of a technical and further
        education institution shall be read as a reference to-

        (i)    a building project specified in Column 2 of Part VI of Schedule
               7A in relation to the institution; or

        (ii)   a building project of the institution approved by the Minister
               under paragraph 4 (1) (c) as an approved building project of
               the institution in respect of the year 1980; and

   (b)  a reference to the amount of the approved expenditure on a project in
        respect of the year 1980 shall be read as a reference to-

        (i)    where the project is a building project specified in Column 2
               of Part VI of Schedule 7A in relation to a technical and
               further education institution-the amount specified in Column 4
               of Part VI of that Schedule in relation to that project; or

        (ii)   where the project is a building project of a technical and
               further education institution approved by the Minister under
               paragraph 4 (1) (c)-the amount of expenditure approved by the
               Minister under sub-section 4 (3) as the amount of the approved
               expenditure on the project in respect of the year 1980.".