Matters specified in project approval instrument
74 Matters specified in project approval instrument
The project approval instrument for a Black Spot Project must:
identify the project; and
specify the maximum funding amount that the Commonwealth may contribute to the project; and
identify the eligible funding recipient, being a State or authority of a State, to which funding may be paid; and
if the approval is conditional on a funding agreement being entered into with the eligible funding recipient—contain a statement to that effect.
The project approval instrument for a Black Spot Project may exclude one or more specified purposes from being purposes on which funding may be expended.
This Act’s bill:Explanatory memorandumSecond reading speech
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