WATER MANAGEMENT ACT 1999 - SECT 212
Power to borrow
WATER MANAGEMENT ACT 1999 - SECT 212
Division 2 - Powers and duties of trusts
Power to borrow
(1) A trust may borrow money not exceeding the estimated revenue of the
trust for 10 years, on the security of all the rates, funds, revenues and
property of, or at the disposal of, the trust, for such purposes as the
Minister may authorise.
(2) Any such money is to be borrowed by the trust under Part III of the
Statutory Authorities Act 1962 .
