South Australian Repealed Acts

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This legislation has been repealed.

OUTBACK AREAS COMMUNITY DEVELOPMENT TRUST ACT 1978 - SECT 17

17—Power to borrow

        (1)         The Trust may, with the consent of the Treasurer, for the purposes of exercising or performing its powers and functions under this Act, borrow money from any person.

        (2)         The Treasurer may upon such terms and conditions as he thinks fit guarantee the repayment on any moneys (together with interest thereon) borrowed by the Trust under this section.

        (3)         Any moneys required to be paid in satisfaction of a guarantee given pursuant to subsection (2) of this section shall be paid out the General Revenue of the State which is hereby to the necessary extent appropriated accordingly.



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