New South Wales Consolidated Acts

ENVIRONMENTAL TRUST ACT 1998 - SECT 18

18 Environmental Trust Fund

(1) There is to be established in the Special Deposits Account an Environmental Trust Fund into which are to be paid--

(a) the amounts appropriated for the purposes of the Fund by section 19, and

(b) such other money as may be appropriated by Parliament for payment into the Fund, and

(c) the proceeds of investment of money in the Fund, and

(d) any gift or bequest of money to the Trust, and

(e) such other money as may be required or permitted to be paid into the Fund.

(2) Money in the Trust Fund is under the control of the Trust and can be expended by the Trust for the purpose of the exercise of its functions as authorised by this Act (or for the purposes authorised by the Forestry Restructuring and Nature Conservation Act 1995 ) and the costs incurred in administering this Act (or that Act).