Constitution of Urabba Parks/Section 84

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Trust Fund

(1)  There shall be a Trust Fund consisting of:

(a)  any moneys received by the Executive Government for an entity formed under the law of Urabba Parks; and

(b)  amounts earned on such funds;

less any amounts transferred to the entity or nominee on application of the entity, and such application shall be subject to such procedures and restrictions as the Parliament prescribes.

(2)  Upon receipt of amounts falling under subsection (1) the Consolidated Revenue Fund is, to the necessary extent, appropriated accordingly.

(3)  Unless the Parliament otherwise provides, the amounts received, held or transferred from the Trust Fund may be reduced by amounts:

(a)  owing to the Executive Government of Urabba Parks or a jurisdictional division;

(b)  judged as debt of the entity (or another entity that the entity is a guarantor) by the judicial power of a non-state jurisdiction falling in paragraph 9(4)(b); and

(c)  charged in respect of amounts received, held or transferred from the Trust Fund as the Parliament prescribes.