Part 4ALump sum contributions
117DConsequences for local authority if capital project funding plan adopted
Once a local authority has adopted a capital project funding plan for a capital project,—
- it must not fund the project in any way other than in accordance with the funding plan; and
- the proceeds from any targeted rates collected under the funding plan must not be used for any purpose other than the project.
Subsection (1) applies subject to any express provisions to the contrary in the invitation for the project.
Notes
- Section 117D: inserted, on , by section 10 of the Local Government (Rating) Amendment Act 2006 (2006 No 28).


