New South Wales Consolidated Regulations
[Search this Regulation]
LOCAL GOVERNMENT (GENERAL) REGULATION 2005 - REG 230
General manager to notify borrowings to Director-General
230 General manager to notify borrowings to Director-General
(1) Within 7
days after a council borrows money under a loan contract, the general manager
must notify the Director-General of the borrowing.
(2) This clause extends to
further advances made to a council under an existing loan contract, but does
not apply to a borrowing by a council by way of overdraft.
AustLII: Copyright Policy