Higher Education Support Act 2003

Chapter 2 - Grants for higher education assistance etc  

PART 2-3 - OTHER GRANTS  

Division 41 - Other grants  

SECTION 41-40   Rollover of grant amounts  

41-40(1)  
If:


(a) a body to which a grant under this Part has been made in respect of a year fails to spend an amount of that grant; and


(b) the *Secretary determines in writing that this section is to apply to the body in respect of that grant;

then so much of the unspent amount as the Secretary specifies is taken to be granted to the body under this Part in respect of the next following year.

41-40(2)  
The amount is taken to be granted for the same purpose as the original grant.

41-40(3)  
The grant is taken to be made:


(a) under the same conditions as the conditions of the original grant - except the grant is taken to be made in respect of the next following year; or


(b) under such other conditions as are determined by the *Secretary.




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