18D
In forceCapital works reserve—appropriation
Part 2Budget management
Division 2.1Appropriations and budgets
Subdivision 2.1.3Capital works reserve
18D Capital works reserve—appropriation
(1)
An Appropriation Act may make an appropriation for a capital works reserve.
(2)
The amount appropriated for the capital works reserve for a financial year must not exceed 20% of the total amount appropriated for the capital works program by all Appropriation Acts for the financial year.
(3)
If an amount is appropriated for a capital works reserve for a financial year and the amount is not fully disbursed by the end of the financial year, the undisbursed amount lapses and is not available to be disbursed in the following financial year.
This Act’s bill:Explanatory statement
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