New South Wales Consolidated Acts

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) ACT 1987 - SECT 11

11 General powers in relation to obtaining financial accommodation

(1) An authority may do all things necessary or convenient to be done in connection with obtaining financial accommodation.

(2) In particular, but without limiting the power given by this section, the authority may:

(a) enter into any contract, agreement or other transaction,

(b) incur any obligations under a contract, agreement or other transaction,

(c) make any payment (including an advance) under a contract, agreement or other transaction,

(d) make any covenants or promises, including those which are absolute and unconditional,

(e) exercise such other functions as the Treasurer may approve, and

(f) do or effect any of the things it is empowered to do under this Act by or through any entity controlled by the authority.

(3) This section does not limit any powers that the authority has apart from this section.