South Australian Consolidated Acts

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HOUSING IMPROVEMENT ACT 1940 - SECT 21

21—Power of Treasurer to borrow

        (1)         Without limitation of any other provision of this Act, the Treasurer may arrange to borrow, for the purposes of this Act, fifty thousand pounds in accordance with the agreement approved by the Financial Agreement Act 1927 .

        (2)         Without any further appropriation than this section, the Treasurer may lend to the housing authority any money so borrowed, for such period and on such terms and at such rate of interest as are mutually agreed upon between the Treasurer and the housing authority.



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