Establishment of growth areas funds
201V Establishment of growth areas funds
There must be established in the Public Account as part of the Trust Fund—
S. 201V(1)(a) amended by No. 3/2026 s. 228.
an account to be known as the Growth Areas Transport Fund; and
an account to be known as the Building New Communities Fund.
There must be paid into each Fund—
50% of all money received by the Commissioner in respect of growth areas infrastructure contributions; and
interest received from the investment of money in the Fund.
S. 201V(3) inserted by No. 31/2011 s. 23.
Subsection (2) does not apply to any amount taken to be paid to the Commissioner under section 201SLM(1).
S. 201V(4) inserted by No. 31/2011 s. 23.
The Consolidated Fund is appropriated to the extent necessary for the purposes of subsection (2)(a).
S. 201VA (Heading) amended by No. 3/2026 s. 229(1).
S. 201VA inserted by No. 23/2010 s. 9, amended by No. 3/2026 s. 229(2)(a)(3) (ILA s. 39B(1)).
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