This legislation has been repealed.
How the Residents' Amenities Fund is to be spent50M. How the Residents' Amenities Fund is to be spent (1) The Secretary may withdraw money from a Residents' Amenities Fund. (2) The Secretary may only withdraw money from a Fund at a residential institution for the purposes of- (a) providing goods or services or other amenities for the benefit or use of eligible persons generally at that institution; and (b) recovering money paid into the Fund in error; and (c) paying any expenses necessarily incurred in relation to the keeping of any account in which the money of the Fund is kept or the making of any investment under section 50O; and (d) repaying any overpayment made by an eligible person leaving that institution. (3) The Secretary must, after consulting with the committee established under section 50K, prepare an annual plan for the expenditure of the money in the Fund at each institution. (4) In withdrawing money from the Fund, the Secretary must have regard to the annual plan.