South Australian Consolidated Acts South Australian Consolidated Acts32A—Borrowing and investment powers of board
(1) The board may, for
the purposes of this Act, borrow money from the Treasurer or, with the consent
of the Treasurer, from any other person.
(2) Liabilities
incurred by the board under subsection (1) with the consent of the
Treasurer are guaranteed by the Treasurer.
(3) A liability of the
Treasurer under a guarantee arising by virtue of subsection (2) is to be
satisfied out of the Consolidated Account which is appropriated by this
section to the necessary extent.
(4) Any money of the
board that is not immediately required for the purposes of this Act may be
invested in such manner as the Treasurer may approve.