Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Corporation may request a payment by the Commonwealth of a specified amount:
(a) to meet liabilities or expenses of the Corporation:
(i) that are already due; or
(ii) that will, or that are expected to, become due during the period specified in the request; or
(b) so that the total balance of the Corporation's bank account or accounts is at least the operating balance.
(2) The Corporation's request must:
(a) be in writing; and
(b) specify:
(i) the liabilities or expenses the payment is to meet; or
(ii) the amount by which the Corporation's bank balance falls short of the operating balance; and
(c) be in accordance with the agreement under section 56.
(3) The Corporation must not request a payment under subsection (1) of an amount that would exceed the uncommitted balance of the Account at the time the request is made.