Commonwealth Numbered Acts

STATES GRANTS (CAPITAL ASSISTANCE) ACT 1980 No. 149, 1980 - SECT 6

6. (1) Subject to sub-section (2), the Treasurer may, during the period
commencing on the date of commencement of this Act and ending on 31 December
1981, in accordance with the provision of the
Commonwealth Inscribed Stock Act  1911 , or in accordance with the provisions
of an Act authorizing the issue of Treasury Bills, borrow moneys not exceeding
in the aggregate the sum of-

   (a)  $653,625,000; and

   (b)  the expenses of borrowing.

(2) For the purposes of the application of sub-section (1), the amount
specified in paragraph (1) (a) shall be taken to be reduced by the sum of any
amounts borrowed by the Treasurer in accordance with sub-section 6 (1) of the
States Grants (Capital Assistance) Act 1979 for the purpose of making payments
to the States in accordance with section 4 of that Act.