(1) The Authority must
establish and maintain a fund to be called the Adelaide Park Lands Fund .
(2) The Fund will
consist of—
(a) any
money paid to the credit of the Fund by the Crown, a State authority or the
Adelaide City Council; and
(b)
grants, gifts and loans made to the Adelaide City Council or to the Authority
for payment into the Fund; and
(c) any
income arising from the investment of the Fund under subsection (3); and
(d) all
other money required to be paid into the Fund under any other Act or law.
(3) Any money in
the Fund that is not for the time being required for the purposes of the Fund
may be invested by the Authority after consultation with the
Adelaide City Council.
(4) The Authority may
apply any part of the Fund—
(a)
towards increasing or improving the use or enjoyment of the Adelaide
Park Lands for the public benefit; or
(b)
towards increasing or achieving the beautification or rehabilitation of any
part of the Adelaide Park Lands; or
(c)
towards promoting or increasing the status of the Adelaide Park Lands; or
(d) in
providing for, or supporting, research into any matter relevant to status, use
or management of the Adelaide Park Lands; or
(e) in
supporting the improved management of the Adelaide Park Lands; or
(f) in
providing for any other matter that will further the objects of this Act; or
(g) in
providing for the operational costs or expenses of the Authority; or
(h) in
making any payment required or authorised by or under this or any other Act or
law.