South Australian Current Acts South Australian Current Acts7C—Discharge of further liability of council etc
(1) On and from the
commencement of the Adelaide Festival Theatre Act Amendment Act 1974
—
(a) the
council is by force of this section freed and discharged from any liability to
make any further payments to the Treasurer as are required by
subsection (4) of section 5 of this Act as modified by
subsection (2) of section 6 of this Act; and
(b) the
Treasurer shall reimburse to the council periodically out of the General
Revenue of the State (which is hereby to the necessary extent appropriated
accordingly) any amount expended or set aside on or after the first day of
July, 1974, by the council in providing for the repayment of principal and
interest in respect of any moneys borrowed by the council for the purposes of
section 3 of this Act.
(2) Nothing in
subsection (1) of this section shall affect or limit the obligation of
the council to make payment to the Treasurer of any amount required to be paid
pursuant to subsection (4) of section 6 of this Act.