Fund and finances of Board
76 Fund and finances of Board
S. 76(1) amended by Nos 8209 s. 21(1)(a)(ii), 16/2001 s. 28(Sch. item 17).
The Board shall establish a fund to be called "Greyhound Racing Victoria Fund".
S. 76(2) amended by No. 24/2000 s. 12(2)(b).
Subject to Division 3 and Part IV, there shall be paid into the said fund all moneys received by the Board, including fees under this Part and fines under the rules and also any moneys temporarily advanced to the Board by the Treasurer of Victoria.
The said fund shall be applied by the Board to meet any expenses incurred by the Board in performing any functions under this or any other Act (including payments to members and officers of the Board).
S. 76(4) amended by No. 8209 s. 21(1)(a)(ii).
Any surplus of the said fund, after repayment with interest at such rate as is determined by the Treasurer of Victoria of all moneys temporarily advanced to the Board by the Treasurer, may be applied at the discretion of the Board for the benefit of greyhound racing clubs.
S. 76A inserted by No. 37/1994 s. 189.
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