Expenditure and borrowing by City
15 Expenditure and borrowing by City
The City is authorised to expend money out of any fund kept by the City in performing the functions conferred upon it by this Act or any other written law or by the agreements with respect to the implementation of the agreements and with respect to the care, control and management of any reserved land placed with the City.
Any —
act or thing done by the City; or
liability incurred by the City; or
expenditure made by the City from any fund kept by the City,
before the commencement of this Act to facilitate the redevelopment of land in and in the vicinity of Forrest Place and the City railway station, or the development of facilities over portions of that land, or for a related purpose shall be deemed to have always been lawfully and validly done, incurred or made.
[Section 15 amended: No. 14 of 1996 s. 4; No. 31 of 1997 s. 29(13).]
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