South Australian Consolidated Acts

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LIBRARIES ACT 1982 - SECT 19

19—Borrowings

        (1)         The Board may, with the consent of the Treasurer, borrow moneys for the purposes of this Act.

        (2)         The obligations of the Board under any loan contracted under subsection (1) are guaranteed by the Treasurer.

        (3)         Any moneys required to be paid in pursuance of a guarantee under subsection (2) shall be paid out of the General Revenue of the State which is appropriated to the necessary extent.



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