17
CurrentLimit on borrowing by Authority
Part IIIFinancial
17 Limit on borrowing by Authority
(1)
The Authority shall not borrow moneys if, as a result of the borrowing, there would at any time be owed by the Authority amounts the total of which exceeds the amount for the time being fixed by the Minister with the Treasurer's approval.
(2)
A reference in subsection (1) to amounts owed by the Authority includes a reference to amounts owed in respect of debts and liabilities transferred to the Authority under an agreement under Part V.
S. 18 amended by Nos 9194 s. 4, 127/1993 s. 9(1)(2), 46/1998 s. 7(Sch. 1), 40/2019 s. 78(3).
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.