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This is a Bill, not an Act. For current law, see the Acts databases.


LOAN BILL 2003

                      Western Australia


                    Loan Bill 2003

                         CONTENTS


1.   Short title                                        1
2.   Commencement                                       1
3.   Power to borrow money for public purposes          2
4.   How sums borrowed are to be applied                2
5.   Principal, interest and expenses payable out of
     Consolidated Fund                                  2




                           196--1                       page i
                               Western Australia


                          LEGISLATIVE ASSEMBLY



                             Loan Bill 2003


                                   A Bill for


    A Bill for An Act to authorise the borrowing of a sum of
    two hundred and fifty million dollars for public purposes.



    The Parliament of Western Australia enacts as follows:


    1.      Short title
            This Act may be cited as the Loan Act 2003.

5   2.      Commencement
            This Act comes into operation on the day on which it receives
            the Royal Assent.




                                                                     page 1
     Loan Bill 2003



     s. 3



     3.       Power to borrow money for public purposes
              The Governor may borrow sums of money, not exceeding in the
              aggregate the sum of $250 000 000, from the Western
              Australian Treasury Corporation or elsewhere, for public
 5            purposes.

     4.       How sums borrowed are to be applied
              All sums borrowed under the authority of this Act are to be paid
              to the Treasurer and credited to the Consolidated Fund.

     5.       Principal, interest and expenses payable out of
10            Consolidated Fund
              The principal moneys, interest and other expenses of
              borrowings under the authority of this Act are payable out of the
              Consolidated Fund and that Fund is appropriated accordingly by
              this section.


15




 


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