Western Australian Current Acts Western Australian Current Acts (1) The Authority has
power to borrow money upon the guarantee of the Treasurer of the State for the
purposes of carrying out its functions and powers under this Act.
(2) The Authority is
authorised with the prior approval in writing of the Treasurer to borrow money
upon such terms and conditions only as the Treasurer approves.
(3) The Treasurer is
hereby authorised to so approve and to give the guarantee referred to in
subsection (1), including the guarantee of interest, for and on behalf of the
Crown in right of the State.
(4) Before a guarantee
is given by the Treasurer under this section, the Authority shall give to the
Treasurer such security as the Treasurer may require, and shall execute all
such instruments as may be necessary for that purpose.
(5) The Authority
shall apply and use all moneys borrowed under the power conferred by this
section for the purposes of carrying this Act into effect.