South Australian Consolidated Acts

LOCAL GOVERNMENT FINANCE AUTHORITY ACT 1983 - SECT 26

26—Power of councils etc to borrow money from or deposit money with Authority

Despite the provisions of any other Act, a council or a prescribed local government body may—

            (a)         borrow money from the Authority; or

            (b)         deposit with, or lend to, the Authority any money of the council or body not immediately required for the purposes of the council or body; or

            (c)         enter into such other financial transactions or arrangements with the Authority as are contemplated by this Act or approved by the Treasurer.