South Australian Repealed Acts South Australian Repealed ActsThis legislation has been repealed.
(1) Each
regional NRM board must establish, maintain and administer a fund to be called
by a distinctive name and to be managed in accordance with any relevant
requirements of the Public
Finance and Audit Act 1987 (including as to the need to prepare an annual
financial statement in relation to the fund for the purposes of the annual
audit by the Auditor-General).
(2) The fund of a
regional NRM board will consist of—
(a) any
money received by the board from the Minister; and
(b) any
money received by the board under this Act; and
(c) any
income arising from the investment of the fund under subsection (3)
; and
(d)
other money received by the board in the performance of its functions or the
exercise of its powers under this Act; and
(e) all
other money that is required or authorised by or under this Act or any other
law to be paid into the fund.
(3) Any money in the
fund of a regional NRM board that is not for the time being required for the
purposes of this Act may, with the consent of the Minister, be invested by the
board in accordance with the usual requirements that apply with respect to the
investment of trust funds.
(4) A
regional NRM board may apply any part of its fund—
(a) in
implementing its regional NRM plan, in initiating or supporting other projects
and programs under this Act, and in performing its other functions; or
(b) in
defraying any expenses incurred by the board in the administration of any part
of this Act; or
(c) in
supporting the work of NRM groups; or
(d) in
providing financial assistance to other bodies or persons in accordance with
this Act; or
(e) in
refunding a levy under Part 1 (as
necessary); or
(f) in
making any other payment required or authorised by or under this Act or any
other law.
Chapter 6—Management and protection of land