(1) In
section 6.23(1) delete “A” and insert:
In relation to a local
government other than a regional local government, a
(2) In
section 6.23(3)(c) delete “either”.
(3) In
section 6.23(4):
(a) in
paragraph (a) before “participants” insert:
local government
(b)
delete paragraph (c) and insert:
(c) the
general funds of a local government participant to the extent that those funds
secure money borrowed by, credit obtained for, or financial accommodation
extended to, the regional subsidiary.