Public Works and Closer Settlement Funds Act 1906 (NSW)
Act No. 1), lOOG.
l?uhlic Workn and Closer Selllemcnt Funds.
A ct No. 9, 190().
A l l Act to proA’idi' for a Piililic \\d)rks Fund mid i'ik", wokks
a Closer Settlem ent Fund, a.nd for accounts in connection tliercw itli; for tlie apjilication of m oneys in siudi funds ; to amend the Audit Act, 1902, and certain other A cts; and for other ])iirposes. [10// ̂ Hi^pfi'inher, 190G.]
I', it (‘nacted l)y tlic Kind’s Alo.st Excellent Majesty, by ami with
1 lie advice and consent of tin' I>(!^islativc Council and Ee^'islativc
Ass(Mul)ly of N(uv South A\bales in Parliament assembled, and by the
| a.utliority of the same, as follows :—■ | , |
F rfdimuKiry.
1. This Act may lie cited as the “ I’ublie A\'orks and Closershouuhp.
Settlement Eunds Act, ll)()(i,” and shall b(' conslrued with the Audit
Act, 1902, her('inaft(‘r referred to as the Pj'incipal Act.
| 2. The Acts ment iom'd in the Scli(Mhd(' arc; to the extent r,.|h | 'iU. |
tbereiu expressed heiashy rc'pealcd.
The Funds.
3. Tlun'c shall be; a Public AVorks Eund and a Closer Settlement I’niiHc Works Fund
| Eund, to be constitutc'd in pursuance of this Act. | sotifn'oiii Fund |
| In connection with such funds accounts under tlui Primnpal Act, to be calb.'d respectively the “ Publie AVorks Account” and “ Closer Settlement .Vccount,” shall be kept in the 'I'reasury. |
The FuhUc 1 Forks Fund.
| 4. (1) There shall b('])aid to the Public AVorks Fund— | Pavineidsio |
| (a) | from the Consolidated Uevenue Account two-thii'ds of Uic net proceeds of tin; sale of Crown lands, exclusive of interest on puiadiase money, less twenty per centum of such ])roceeds for cost of administration and other charges ; |
| (b) | tin; balance at ciaalit of the Public Schools Property Fund in the S]iecial I)('])osits Account, and tin; md proceeds of sab' of land umh'r sect ion four of tin' Public Instiaict ion A(;t of 1 8S0; |
| (c) | money appropriated from Consolidatcal Peveniu' J'und and dirceted by Parliament to be iiaidto tin' Public; A'orks Fund. |
5. Moneys at crcnlit ol' the Pulclic AVorks Fund maybe applied, Appiiration of
under the authority of an Act of Parliament in carrying out ptd)lic
works.
20 Act No. 9, 1906.
PithUc IJ^orks and Close)' S e ttlo n o it Ftmds.
Avorks, ineliuling the equipment and rencAval of public AA'orks and of State cstablislimcnts Avith plant stores and material, tbe erection, construction, and improACinent of buildings and AAorks for ])ublic purposes, the improA cment of barboAirs and rivers, the acciuisition of land for public ])urposes, and the making of grants to public bodies for any of tbe aforesaid purposes, but not including AAmrks necessary for tbe repair or upkeej) of such buildings and Avorks.
The Close)' Settlc)ne)it Fund.
| Payments to Closer | 6. (1) Tbere shall be paid to tbe Closer Settlement Pund—■ |
| y o t t le m c Q t | F | uqcI. |
| (a) | tbe balance at credit of the Assurance Pund, Pical Property Act (No. of I'JOO'), and tbe procec'ds of any securities in Avbicb such fund is invested, and all amounts Avbich may from time to time be paid to the Jb'gistrar-Cencral under section om' hundred and ninctccu of the Ileal PropertvAct, | ||
| |||
| (b) | lb(! balance at credit of the Closer Settlement b"und in tbe Sj)ccial Deposits Account, and all net receipts in rcs])cct of sales, lease's, settlement purchases, or otherwise, under the Closer Settlement Act, 190f, or the Closer Settlement Act, 1901, or any Act ame-nding the same ; |
(c) the proceeds of loans under the last-mentioned Acts ;
| (d) | money approjeriated from the Consolidated Uevenue Pund and directed by Paidiament to be paid to tbe Closer Settlement Pund. |
(2) The Assurance Pund aforesaid is closed, and any securities in Avhich any part of such fund is invested may be sold or redeemed by the Treasurer, and any claims on that fund in pursuance of the Ileal Property Act, lt)()0, are charged on and shall be paid out of the Closer Settlement Pund.
| Application of | 7. (1) Money at credit of tlu'Closer Settlement Pund may be or acquisition of land for closer settlement under the Closer Settlement Act, 1904, or any Act amending the same, and for the payment of the cost of the subdivision and disposal f)f such laud under tbe said Acts, and for AVorks in connection tbcrcAvith. |
| Closer Seltlcmeut | a])})lied under tbe authority of an Act of Parliament for the purchase |
| Fu n d . | |
| (2) The said fund shall be charged Avith tbe interest payable to the Consolidated IlcA'enue Account to rc'coup that account for interest charged on the Consolidated Uevenue Pund in respect of loans the proceeds of Avhich are carried to the Closer Settlement Account. |
money a t credit of
Geno'al p)‘ovisio)is.
| Advances from one | 8. (1) In pursTiance of the order of the Governor, any moneys at credit of the ibihlic lYorks Account or Closer Settlenu'ut Account may be transferred by Avay of advance to the other of such accounts. |
| fund to another . |
Act No. 0, 190P).
Tnhlic IForJcs and Closer SelUement Funds.
or to the Consoli(lat(\'l lievenue Account, and any niomjys at credit of tin' Consolidated Itevcnuic Account may be so transh'rrcd to the l.hil)lic AVoi ks Account or Closer Settlement Account.
Any such order shall he laid before i ’arliament without delay.
(2) Any moneys so transferred, or any part therc'of, may at
any time he re-transferred and repaid.
9. No money shall he drawn from any fund constituted by this AuUjorit.v for _
| Act ('xcept nnder tlic authority of this Act. | druHingirom r |
10. Section fiflv-seven of the Principal Act is amended hv-'mendmrnt, of
| adding thereto a new' paragraph, as follows :— | runcipui .Lt. |
| (d) | A detailed statement of the receipts and expemditure of the Public Works Fund and the Closer Settlement Pund respectively, and the account current of the said funds for such (quarter or yc'ar. |
| 11. | Subsection one of section | llfry-ei^’ht of the | P r in c ip a l A c t AmmdimMd of |
| is amended by adding thereto a new paragra])h, as follows :— | noion .>8 (i). |
((') statements of the receipts and cixpenditure for such year of the Public Works Account and Closer Settlement Account respectively.
Knncimi-nts rrjiiuihid.
| No. | of . \c t . | Tii le of Act. | I v a e n t | o f | U i ' i H o l . |
| 'l;S Vic. No. L'.'! .. I’uhlic I nsti'iicl ion ,\ct Tn 'Section 1 | ilu' woi'ds “ and to in\('st the |
| of IS so. | jii'occcd.s lU'isiiii;' tlicrcfidiu iii tlic ]au'- cliasc of otlicr lands or in flic, erection of school liuildinos for the piirjioscs tiforc- said.'’ |
| Act No. 'It), 1!)00 Ileal Property' Act, 11)00 .Suliscction 1 | of section 119. |
In subsection h of section 120, flic woi-ils ‘'and constituting the assurance fund, wliicli last-incntioncd inoncys shall, together v.ith all intert'st and pmlits accruiiiLt thereon, be invested by the Treasurer in (loverninent securities.’'
| Act No. 19, 190 1 | Stale I tebt and Sinking 1 n t heSchedule the words “Assurance Funil, |
| Fund .Act, 1901. | Ileal Frojierly Act (No. 2b of 1900).’ |
| Act No. ;17, 1901 | Clo.ser Si'ttlcnient Act, In section 10, the wnrds after “ the |
1901. 'Treasury '
Act
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