Provision where Fund insufficient to meet payment out of it
86 Provision where Fund insufficient to meet payment out of it
Where the amount in the Fund is at any time insufficient to pay any claim liability or other outgoing in respect of which payment out of the Fund is authorized under section 75—
the Treasurer may advance to the Fund out of the Public Account such moneys as are necessary for the payment required; or
S. 86(1)(b) amended by No. 86/1984 s. 47(zy), repealed by No. 52/1998 s. 104(6).
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Any moneys advanced by the Treasurer pursuant to paragraph (a) of subsection (1)—
shall be chargeable with interest at such rate as is determined from time to time by the Treasurer;
shall, together with any interest payable thereon, be a first charge on the Fund; and
shall, together with any interest payable thereon, be repaid to the Public Account out of the Fund in such manner as the Treasurer directs.
S. 86(3)–(6) amended by No. 86/1994 s. 47(zy), repealed by No. 52/1998 s. 104(7).
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