Borrowing by Board

Current

(1)

The Board may borrow money from the Treasurer, or, with the consent of the Treasurer, from any other person, for the purpose of performing its functions under this Act.

(2)

Any liability incurred with the consent of the Treasurer under subsection (1) is guaranteed by the

Treasurer.

(3)

Any liability incurred by the Treasurer under a guarantee arising by virtue of subsection (2) must be satisfied out of the

Consolidated Account which is, to the necessary extent, appropriated accordingly.

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17 Borrowing by Board