Western Australian Current Acts Western Australian Current Acts (1) The Minister may
lend money for capital works to the governing body of —
(a) a
registered school; or
(b) a
school system for which a system agreement is in force.
(2) Any such loan is
to be made out of moneys borrowed by the Minister under section 187.
(3) The terms and
conditions of any such loan, including the interest to be paid —
(a) may
be less onerous than those that might reasonably apply to such a loan made
commercially; and
(b) are
to be approved by the Treasurer.
(4) In subsection (1)
—
capital works means the acquisition of land, the
construction, modification and renovation of buildings and the purchase of
plant and equipment, or any of those things.