s 36
In forceEffect of guarantee
36 Effect of guarantee
(1)
The due payment of moneys payable by the Treasurer under a guarantee given under section 35 is guaranteed by the State.
(2)
Any such payment is to be made by the Treasurer and charged to the Consolidated Account, and this subsection appropriates that Account accordingly.
(3)
The Treasurer is to cause to be credited to the Consolidated Account any amounts received or recovered from the Authority or otherwise in respect of any payment made by the Treasurer under a guarantee given under section 35.
[Section 36 amended: No. 77 of 2006 s. 4 and 5(1).]
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