INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT ACT 1982 NO. 50, 1982 

INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT ACT 1982 NO. 50, 1982 
- TABLE OF PROVISIONS

1.  Short title.  
2.  Commencement  
3.  Interpretation  
4.  Contribution to Fund  
5.  Issue of promissory notes  
6.  Appropriation  

International Fund for Agricultural Development Act 1982 No. 50 of 1982
- SECT 1

Short title.

                       Fund for Agricultural Development

                                 (Assented to 9 June 1982)

Short title

  1. This Act may be cited as the International Fund for Agricultural
Development Act 1982.

International Fund for Agricultural Development Act 1982 No. 50 of 1982
- SECT 2

Commencement

  2. This Act shall come into operation on the day on which it receives the
Royal Assent.

International Fund for Agricultural Development Act 1982 No. 50 of 1982
- SECT 3

Interpretation

  3. In this Act, ''Fund'' means the International Fund for Agricultural
Development.

International Fund for Agricultural Development Act 1982 No. 50 of 1982
- SECT 4

Contribution to Fund

  4. The Minister may, on behalf of Australia, notify the President of the
Fund of the intention of Australia to contribute to the Fund amounts not
exceeding in the aggregate $8,965,000.

International Fund for Agricultural Development Act 1982 No. 50 of 1982
- SECT 5

Issue of promissory notes

  5. (1) For the purposes of the payment of the contribution notified by the
Minister under section 4, the Treasurer may, on behalf of Australia, execute
and issue to the Fund promissory notes.
  (2) A promissory note issued under sub-section (1)-

  (a)  shall be payable to the Fund;

  (b)  shall be non-negotiable and non-interest-bearing; and

  (c)  shall be payable at its par value on demand.

International Fund for Agricultural Development Act 1982 No. 50 of 1982
- SECT 6

Appropriation

  6. The moneys necessary for the purpose of making any payment that is to be
made by Australia in pursuance of a notification under section 4, including
payment under a promissory note issued under section 5, shall be paid out of
the Consolidated Revenue Fund, which is appropriated accordingly.