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s 32

Botanic Gardens and Parks Authority Account

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32 Botanic Gardens and Parks Authority Account

(1)

An account called the Botanic Gardens and Parks Authority Account is to be established —

(a)

as an agency special purpose account under section 16 of the Financial Management Act 2006; or

(b)

with the approval of the Treasurer, at a bank as defined in section 3 of that Act,

to which the funds referred to in section 31 are to be credited.

(2)

The Account is to be charged with —

(a)

interest on and repayment of moneys borrowed by the Authority under section 33 or 34; and

(b)

all other expenditure lawfully incurred by the Authority in the performance of its functions.

[Section 32 amended: No. 77 of 2006 Sch. 1 cl. 16(2).]

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