The NSW government has made a commitment to provide the cash for the facility which has been on the school's wish-list since the mid-1990s.

Funding was announced in the state budget on Tuesday and Albury MLA Greg Aplin said the project would be the subject of a tender process once plans were prepared to determined the final cost.

Mr Aplin said his preference would be a design catering for performing arts.

“It is going to be between $5 million and $10 million and obviously will be a consultation between the school community and the department to come up with the best hall complex,” he said,

“I don't want an ordinary high school hall and everyone knows that in the ministerial and departmental areas.”

Mr Aplin blamed Labor for dumping the project in the mid-1990s, but it has taken until the second term of the NSW Coalition Government to secure the funding.

It also missed out on the former federal Labor government's $14 billion building education revolution.

Principal Jennifer Parrett said: “This is a tremendous opportunity for our school and a day to be celebrated.

“I warmly thank Mr Aplin for his continued advocacy for this hall complex.

“He, along with our parent body and previous principals, has never wavered in support for the opportunity we now have before us.”

Mr Aplin said the school project and $30 million for the hospital emergency department were significant wins for Albury in the budget.

“We know there is pressure on Albury hospital and we know it needs to be developed for the future,” he said.

“These have been hard-fought battles.”

Nolan House has also scored $500,000 for safety upgrades.

Albury Labor councillor Darren Cameron said the emergency department upgrade funding would be welcomed by hospital staff.

“Mr Aplin needs to confirm exactly when the brain health centre will be going ahead at Mercy Hospital,” he said.