Western Australian Bills Western Australian Bills[Index] [Search] [Download] [Related Items] [Help]
This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Loan Bill 2017
Contents
1. Short title 2
2. Commencement 2
3. Power to borrow for public purposes 2
4. How sums borrowed are to be applied 2
5. Principal, interest and expenses charged to
Consolidated Account 2
1--1 page i
Western Australia
LEGISLATIVE ASSEMBLY
Loan Bill 2017
A Bill for
An Act to authorise the borrowing of $11 000 000 000 for public
purposes.
The Parliament of Western Australia enacts as follows:
page 1
Loan Bill 2017
s. 1
1 1. Short title
2 This is the Loan Act 2017.
3 2. Commencement
4 This Act comes into operation as follows --
5 (a) sections 1 and 2 -- on the day on which this Act
6 receives the Royal Assent;
7 (b) the rest of the Act -- on the day after that day.
8 3. Power to borrow for public purposes
9 The Treasurer may borrow for public purposes, from the
10 Western Australian Treasury Corporation or elsewhere, sums of
11 money not exceeding $11 000 000 000 in the aggregate.
12 4. How sums borrowed are to be applied
13 All sums borrowed under the authority of this Act are to be paid
14 to the Treasurer and credited to the Consolidated Account.
15 5. Principal, interest and expenses charged to Consolidated
16 Account
17 The principal, interest and other expenses of borrowings under
18 the authority of this Act are charged to the Consolidated
19 Account and that Account is appropriated accordingly by this
20 section.
21
[Index] [Search] [Download] [Related Items] [Help]