Victorian Current Acts Victorian Current Acts(1) The Council shall cause an account, which shall be called the Sale Station Development Account and be separate and distinct from the General Fund, to be established and kept of all moneys borrowed by the Council pursuant to the provisions of section 12 and of all payments and disbursements made pursuant to the provisions of this Act.
(2) The Council may transfer from the Sale Station Development Account to the Municipal Fund an amount equal to the amount expended by the Council from the Municipal Fund prior to the commencement of this Act for or towards the works and undertakings authorized by this Act.
(3) The account referred to in sub-section (1) shall be audited at least once in each financial year during the period of the development of the land delineated and shown cross hatched in Schedule 1 and thereafter until all moneys borrowed by the Council pursuant to section 12 have been repaid.