Commonwealth Consolidated Acts

ALBURY-WODONGA DEVELOPMENT ACT 1973 - SECT 26

             (1)  The Corporation may, with the consent of the Minister:

                     (b)  with the approval of the Finance Minister, borrow moneys from an approved bank, or any other lender, for the purposes of the Corporation in connexion with the performance of its functions; and

                     (c)  give security over any of its assets for the purposes of paragraph (b).

             (2)  The Corporation shall not borrow moneys otherwise than in accordance with this section.

             (3)  The Finance Minister may, on behalf of the Commonwealth, guarantee the repayment of amounts borrowed in accordance with paragraph (1)(b) and the payment of interest on amounts so borrowed.