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


LOAN BILL 2012

                   Western Australia


                 Loan Bill 2012

                      CONTENTS


1.   Short title                                        2
2.   Commencement                                       2
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 Account                               2




                        277--1                          page i
                           Western Australia


                     LEGISLATIVE ASSEMBLY



                         Loan Bill 2012


                               A Bill for


An Act to authorise the borrowing of a sum of five billion dollars for
public purposes.



The Parliament of Western Australia enacts as follows:




                                                                page 1
     Loan Bill 2012



     s. 1




1    1.       Short title
2             This is the Loan Act 2012.

3    2.       Commencement
4             This Act comes into operation as follows --
5              (a) sections 1 and 2 -- on the day on which this Act
6                    receives the Royal Assent;
7              (b) the rest of the Act -- on the day after that day.

8    3.       Power to borrow money for public purposes
9             The Treasurer may borrow sums of money, not exceeding in the
10            aggregate the sum of $5 000 000 000, from the Western
11            Australian Treasury Corporation or elsewhere, for public
12            purposes.

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

16   5.       Principal, interest and expenses payable out of Consolidated
17            Account
18            The principal moneys, interest and other expenses of
19            borrowings under the authority of this Act are payable out of the
20            Consolidated Account and that Account is appropriated
21            accordingly by this section.




 


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